US FX Committee Presents Paper On Reducing FX Settlement Risk
REGULATIONS
In a recent seminar presenting its paper, Management of Operational Risks in Foreign Exchange, the US Foreign Exchange Committee identifies 50 best-practice recommendations for forex operational risk managers.
The Committee defines operational exposure as the potential for an organization to incur a loss once a bank's sales/trading area has entered a trade into a deal capture system, or written a trade ticket, through to the point where the deal is successfully settled and reconciled. The
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