New York Fed demands better management of FX risks
Greater use of capital and collateral to mitigate all risks relating to foreign exchange trading is crucial, warns head of financial market infrastructure at the New York Fed
Banks must improve the monitoring and management of all risks associated with foreign exchange trading, paying more attention to the possible need for collateral to mitigate counterparty risk, a senior official at the Federal Reserve Bank of New York has warned.
In an exclusive interview with Risk.net's sister publication FX Week, Jeanmarie Davis, senior vice-president and head of the financial market infrastructure function at the New York Fed and chair of an international working group on
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