FX Committee Recommends Best Practices For Operational Control
The US Foreign Exchange Committee has presented its recently released paper, entitled Management of Operational Risks in Foreign Exchange, which identifies 50 best-practice recommendations for forex operational risk managers.
While no one institution surveyed by the Committee's operational risk working group followed all 50 of the best practices listed in the paper, at least one institution was found to follow each practice.
The Committee defines operational exposure as the potential for an
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