Netting & Risk Management Dominate Bulk Of FX Committee's Annual Report
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Netting and risk management are among the primary areas the US Foreign Exchange Committee, which advises the Federal Reserve Bank on FX market-related issues, focused on during 1996, says its recently released annual report. The report also outlines a new internal structure for the group and reports that the committee has begun posting its work on the Fed's Web site.
In his chairman's report, John Finigan, who is one year into a conventionally two-year tenure, highlights risk management as a
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