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Daily Archives: August 17, 2012

Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions

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Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions – consultative document, August 2012

  • “Since the BCBS’s Supervisory guidance for managing settlement risk in foreign exchange transactions (2000) was published, the foreign exchange market has made significant strides in reducing the risks associated with the settlement of FX transactions. Substantial FX settlement-related risks remain, however, not least because of the rapid growth in the FX trading. The consultative document aims to review and update the last supervisory guidance in order to ensure that such risks are properly managed: it will provide a more comprehensive and detailed view on governance arrangements and the management of principal risk, replacement cost risk and all other FX settlement-related risks. In addition, it promotes the use of payment-versus-payment arrangements, where practicable, to reduce principal risk. The guidance is organised into seven “guidelines” that address governance, principal risk, replacement cost risk, liquidity risk, operational risk, legal risk, and capital for FX transactions.”

    • Google "I'm Feeling Lucky Search" Expands to Include New Functions

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    Hover your cursor over the I’m Feeling Lucky button on the Google search engine, and watch the revolving set of choices – and choose, and choose from among one of the following destinations/functions/features that spin by: I’m feeling Doodly; I’m feeling Lucky; I’m feeling Playful; I’m feeling Artistic; I’m feeling Hungry; I’m feeling Puzzled; I’m… Continue Reading

    White Paper – Financing Home Ownership: Origins and Evolution of Mortgage Securitization

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    Financing Home Ownership: Origins and Evolution of Mortgage Securitization. Public Policy, Financial Innovations and Crises by Dimitris Karapiperis. CIPR White Paper WPS 2012-01. August 2012 “The primary purpose of this white paper is to provide an array of options for policymakers to consider in assuring insurance regulators have the best tools available to accurately value… Continue Reading

    IMF – Household Production, Services and Monetary Policy

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    Household Production, Services and Monetary Policy, Constant Lonkeng Ngouana, August 1, 2012. “A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage – the opportunity cost of working at home –… Continue Reading

    Afghanistan, Islamic Republic of: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

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    “The following item is a Letter of Intent of the government of the Islamic Republic of Afghanistan, which describes the policies that the Islamic Republic of Afghanistan intends to implement in the context of its request for financial support from the IMF. The document, which is the property of the Islamic Republic of Afghanistan, is… Continue Reading