The FX Crisis: Dealing with Human Risk and Restoring Trust within the FX Market

In association with Digital Reasoning Systems.

As the financial services industry looks to recover from the recent FX crisis and restore trust within the FX markets, banking executives are under pressure to fully understand the risks inherent within their organization.

Beyond market, credit and trading risk – human risk is quickly becoming the single largest exposure that financial institutions are facing today.

This has never been more evident than in the FX market right now – where banks have been fined billions of dollars, lost the confidence of their customers and now face greater regulatory scrutiny, based in large part on the communications of a small group of traders at many of the industry’s leading FX financial institutions.

As has so often been the case in the history of the FX market, it is clear that technology will play a crucial role in mitigating these risks and restoring confidence and trust in the market.

This has led to many unanswered questions, such as:
* How has the current FX crisis affected the market and relationships between customers and counterparties?
* How are the regulators likely to respond now that the current set of settlements have been established?
* With all the IT investments that banks have made, why didn’t their current technology platforms help prevent the FX crisis?

* Stephen Epstein, VP of Product Marketing, Digital Reasoning Systems
* Rebecca Healey, Principal, Tabb Group
* Matthew Kulkin, Senior Associate, Squire Patton Boggs
* Aaron Nelson, Lead Product Evangelist, Digital Reasoning Systems

Moderator: Galen Stops, Markets Editor, Profit & Loss

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Michelle Hemstedt

Michelle Hemstedt

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