Committee Report Addresses Crisis And Y2K Compliance
REGULATORS
NEW YORK--A report issued by the Singapore Foreign Exchange Market Committee has called for "more proactive leadership by regulators, central banks, BIS and business associations in managing future crises". The report also states that the International Securities and Derivatives Association (Isda), and the Emerging Markets Traders' Association (Emta) exhibited "a general reluctance…to fill the leadership vacuum" in Indonesia and Malaysia last year.
The report was presented at a meeting of 40
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