Central banks want more action on FX risk

Central bankers have proposed a raft of measures aimed at further reducing foreign-exchange settlement risk.

The measures, detailed report by the Committee on Payment and Settlement Systems (CPSS), Progress in reducing foreign exchange settlement risk, calls for action by individual financial institutions, industry groups and central banks.

Central banks should work with supervisors to encourage continued progress by the financial industry, the report states. Industry groups should continue t

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