Is there a need for a central counterparty (CCP) in FX?

Add your own comments to, and read the views of: Jeff Feig, global head of FX, Citigroup; Lars Hakanson, head of Foreign Exchange and Derivatives for Europe and Asia, Société Générale Corporate & Investment Banking; Roger Hawes and Martin Spurr, Royal Bank of Scotland; Zar Amrolia, global head of Foreign Exchange at Deutsche Bank; Fabian Shey, global head of FX distribution, UBS Investment Bank; Chris Mandell, global head of FX at Bank of America; Andrew Brown, global head of FX at HSBC. Expert FX comment by people in the know.