LOOSE CHANGE
LOOSE CHANGE
In response to the previously released Bank for International Settlements' Allsopp Report, the G10 group and 62 banks (which account for 50 per cent of FX market turnover), recently conducted a survey to monitor banks' progress on improving settlement risk in FX. The survey found that around 84 per cent of the 62 banks surveyed had appointed senior representatives to monitor settlement risk. About a quarter of the banks had introduced the methodology approach on outgoing payments and
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