ACI's Clark Slams European CAD In Address For The Singapore Forex

ASIA PACIFIC FOREX

Association Cambiste Internationale president David Clark planned to make a plea for the European Union's Capital Adequacy Directive (CAD) to be harmonised with the market risk proposals put forth by the G-10's Basle Committee on Banking Supervision in his speech to the Asia Pacific Forex Congress in Singapore last week.

Clark gave FX Week an advance copy of his planned address to the conference Saturday in time for our Thursday press deadline. As of press time, Clark's text includes two mai