Bank of Montreal (BMO)

All in his stride

Hamish Lock had to hit the ground running when he became head of op risk at Bank of Montreal just over a year ago. But taking on a new risk role amid a global financial crisis hasn't fazed him, and he is already well on the way towards achieving his new…

PBOC gives OTC foreign exchange trading go-ahead

The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.

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