Foreign Exchange Committee
From ACT Wiki
The FXC includes representatives of major financial institutions engaged in foreign currency trading in the United States and is sponsored by the Federal Reserve Bank of New York.
The Foreign Exchange Committee is established to:
- Serve as a forum for the discussion of good practice and technical issues in the foreign exchange (FX) market.
- Foster improvements in risk management in the FX market by offering recommendations and guidelines.
- Support actions that facilitate greater contractual certainty for all parties active in foreign exchange.