KNF wants forex to become safer

The Polish Financial Supervision Authority (KNF) wants to introduce regulations that would make investing on the forex market safer, daily Parkiet reports. The watchdog is suggesting that fx transactions should be secured with a deposit worth 2 percent of their value. The proposal has been sent to the Ministry of Finance for further legislative proceedings. It was also sent to the Chamber of Brokerage Houses. Earlier this month, the KNF published a report saying that in 2013, 81 percent of investors active on the forex market recorded losses.