BCBS and CPSS to issue guidance on foreign exchange settlement risk

Bank for International Settlements

March 17, 2011

The Basel Committee on Banking Supervision ("BCBS") and the Committee on Payment and Settlement Systems ("CPSS") are establishing a joint working group to revise the BCBS's Supervisory guidance for managing settlement risk in foreign exchange transactions, to ensure that financial institutions adequately control their foreign exchange settlement exposures.

The committees plan to issue revised guidance by the end of this year for public comment.