Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension. Responses from more than 30 asset managers, banks and industry associations published by global regulators on Wednesday included a wide range of opinions on the 15 proposals laid out by the Financial Stability Board last month. There was broad agreement on the key point that they should pay more to banks for "fixing" services, in order to remove one of the key tensions in the existing system. But on the issue of by how much to widen the window, firms' recommendations varied from an extra minute to extending the period to as much as half an hour. One high-level banking source told Reuters separately that, in discussions in recent weeks, larger banks and clients had called for a much wider window but that many smaller players had been concerned
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