ACI Congress debates future

One issue brought to the fore by senior market figures in the interactive panel debates was the concern that operational risk is not being adequately addressed.

"Everyone has these incidences (of operational risk) but it is like washing dirty laundry in public – no-one speaks about it," said Paul Fisher, head of FX at the Bank of England. "It’s much more prevalent than you think."

Since the introduction of the continuous-linked settlement service for FX in September 2002, the market has repo