FX Committee Issues Settlement Risk Guidelines To U.S. Market
REGULATIONS
The U.S. Foreign Exchange Committee has published a set of 16 recommendations for reducing foreign exchange settlement risk. In its findings, the Committee says this exposure is much larger and the duration considerably longer than most market participants have traditionally believed.
The Committee, which advises the Federal Reserve Bank on FX-related issues, surveyed its 25 number banks and investment banks for the study. While front office procedures were found to be up to speed given the
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