Foreign Exchange Comptroller's Handbook (Section 813)

This section is intended to provide minimum background and proceduralguidelines to examiners responsible for evaluating a bank's foreign currencyactivities. Within individual banks, foreign currency money market andexchange trading operations may be combined or completely separate withregard to policies, procedures, reporting, and even dealing. However, theyultimately must be viewed together to evaluate liquidity and to insurecompliance with overall bank objectives and risk management strategy. For thesake of brevity, this section discusses both functions as if they were performedby the same traders, processed by the same bookkeepers and managed by thesame officers. Close coordination is required among examiners performing theforeign exchange, due from banks-time, nostro account, and fundsmanagement functions.

Author: 1990comptroller of the Currencyadministr

Publisher: Createspace Independent Publishing Platform

Publication Date: Jan 01, 2015

Number of Pages: 38 pages

Binding: Paperback or Softback

ISBN-10: 1503324524

ISBN-13: 9781503324527