Central Banking

Basel guidance on settlement risk delayed until June

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A major supervisory report on foreign exchange settlement risk that was due to be issued for public comment by the end of 2011 has been delayed until June 2012 and is expected to cover an expanded range of issues, sources close to the process have told FX Week.

The report is being prepared by a joint working group from the Basel Committee on Banking Supervision (BCBS) and the Committee on Payment and Settlement Systems (CPSS). The new group was announced in March 2011 in an effort to relaunch a

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