Group To Issue Guidance FX Settlement Risks

The Basel Committee on Banking Supervision has teamed up with the Committee on Payment and Settlement Systems to form a joint working group to revise the committee’s supervisory guidance for managing settlement risk in fx transactions. reports The Bank for Interanational Settlements.

The Basel Committee on Banking Supervision has teamed up with the Committee on Payment and Settlement Systems to form a joint working group to revise the committee’s supervisory guidance for managing settlement risk in fx transactions. Heading the group is Jeanmarie Davis, senior v.p. at the Federal Reserve Bank of New York.

Click here to read the release from the Bank for International Settlements