Basel Committee praises progress in reducing FX settlement risk


The Basel Committee on Banking Supervision (BCBS) today (August 17) released a consultative document that updates guidelines on managing foreign exchange settlement risk. The committee said the forex market had made "significant strides" towards reducing risk, but the rapid growth of trades had brought the potential for further problems.

The latest document updated the previous Supervisory guidance for managing settlement risk in foreign exchange transactions, published in 2000. Seven new guidel

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: