The Foreign Exchange Committee (FXC) is an industry level body that includes representatives of major financial institutions engaged in foreign currency trading in the United States. It is sponsored by the Federal Reserve Bank of New York.
The foreign exchange (FX) market is the largest and most liquid sector of the global economy. Operations risk affects all aspects of the financial world and FX is certainly not an exception. Best practices for managing FX operational risk is available free from the FXC. To download in PDF format use the following link - http://newyorkfed.org/fxc/2004/fxc041105b.pdf
