This document provides guidance to supervisors and banks on approaches for managing the risks associated with the settlement of foreign exchange (FX) transactions. It expands on, and replaces, the Basel Committee's Supervisory guidance for managing settlement risk in foreign exchange...

In March 2007 the Financial Stability Forum (FSF) asked that the Joint Forum consider the extent to which its March 2005 report Credit Risk Transfer (CRT) required updating as a result of the continued growth and rapid innovation in the CRT markets. The market turmoil since the summer of 2007...