Forex committees to develop best practices

THE BACK OFFICE

LONDON -- The forex committees of the eurozone, US and UK’s central banks will have a particular focus on operational risk and know-your-client issues this year, say committee executives.

The groups are continuing their focus on developing best-practice standards for a variety of front- and back-office operational processes. "My understanding is that people do not see a need for regulation," Roberto Schiavi, head of front office at the European Central Bank (ECB) in Frankfurt and secretary o

To continue reading...