Sets the supervisory approach to foreign exchange risk and settlement-related risks and the elements of an effective framework: classification of exposures (structural against trading, USD exposure, gold), the supervisory objectives, factors, monitoring, capital review and criteria for adequate systems; oversight by the board and senior management, independent risk management and staff competence; foreign exchange operations (new services, measurement and reporting, monitoring and control, limits, stress-testing, internal controls and audit); settlement-related risks (counterparty failure to deliver, operational and legal risks, alternative settlement arrangements such as payment-versus-payment, contingency planning); and the monitoring of borrowers' foreign exchange exposures. Classification: a non-statutory guideline issued as a guidance note; version V.3, 18.01.2022; applies to all AIs.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.