Israel’s Fischer calls for international FX rules

Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention


International rules and norms on intervention in foreign exchange markets must be developed by the IMF, Stanley Fischer, the governor of the Bank of Israel, said on Tuesday.

At the 11th annual Herzliya Conference in Herzliya Israel, Fischer said that in contrast to commodities trading, where the rules are very clear, there were "no rules and norms that would impose limits on individual countries' intervention in foreign-currency markets" in international economic policy today. "It is very

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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