of Treasury Activities
FX Settlement Risk
In July 2001, MAS published a report,
Foreign Exchange Settlement Risk Practices in Singapore,
based on the results of a survey of 39 banks in the
Singapore foreign exchange market whose foreign exchange
activities in total accounted for more than 90% of
Singapore's total foreign exchange transactions in 1999.
Based on each EMEAP1 member's FXSR survey results, the EMEAP
Working Group on Payment and Settlement Systems published a
Foreign Exchange Settlement Risk in the East Asia-Pacific
Region, in December 2001 to analyse the scale of foreign
exchange settlement risk in the EMEAP region.