Archives - CPMI - Committee on Payments and Market Infrastructures (formerly known as CPSS)
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1 May 2008 Progress in reducing foreign exchange settlement risk
In 1996, the G10 central banks endorsed a strategy to reduce the systemic risk arising from the settlement of foreign exchange (FX) trades. This report analyses the significant progress that has been made in implementing the strategy and makes specific recommendations for further action by individual institutions, industry groups and central banks.