FX Committee Makes Progress Over Options And Brokers' Switches

REGULATORS

The Foreign Exchange Committee, the group that advises the Federal Reserve on issues related to the foreign exchange market, has released its annual report for 1992. It discusses a number of legal, trading, structural and risk related projects that its subcommittees are working on, as well as the completion of a long-standing project on currency options.

The committee held five formal meetings in 1992, as well as several informal meetings and special dinners. In November, the committee met

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