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11/18/13 - Managing Risks in FX Trading

Financial regulators and enforcement agencies across the globe are investigating alleged manipulation of the foreign exchange (FX) market by global financial institutions. At least 11 major regulatory agencies in Europe, the United States, and Asia are collaborating and sharing information as they look for evidence that banks agreed not to compete or agreed to fix prices.

Please click below to read a Sightlines InFocus by Tony Murphy, Pierre de Saint Phalle, and Rawan Abdelrazek that recommends that bank boards and senior executives initiate their own investigations of their FX operations, including a review of related governance, compliance, and risk management frameworks.

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