FX Committee And British Bankers Association Criticise Basle Capital Adequacy Proposals
REGULATIONS
Banking groups in the U.S. and the U.K. have reacted favourably to international supervisors' proposals to liberalise capital treatment of bilateral foreign exchange netting. However, they strongly criticise other proposed modifications of bank capital requirements to take account of market risk in foreign exchange and securities trading.
The British Bankers Association (BBA) and the U.S. Foreign Exchange Committee, which advises the Federal Reserve Bank on market issues, have both returned
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