Banking And FX Industry Executives Like EMI Approach To Single Currency

REGULATIONS

Representatives of the foreign exchange and banking industries have expressed general satisfaction with the procedures for changing over to a single currency in Europe suggested by the European Monetary Institute in its recent paper on monetary union. The EMI published its paper after considerable consultation with the banking industry, say officials.

David Clark, co-general manager of Bankgesellschaft Berlin in London and honat although the timings for the changeover are longer than those pr