Foreign Exchange Committee Revises Trading Guidelines
REGULATIONS
The Foreign Exchange Committee revised its "Guidelines for the Management of Foreign Exchange Trading Activities" last week, updating its stance on a number of issues and encouraging institutions to provide "a clear and fully documented audit trail of all foreign exchange transactions."
Although the Foreign Exchange Committee, which wrote the guidelines, is sponsored by the Fed and includes Federal Reserve Bank officials, it is an independent organization and has no power to enforce any of its
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