Management and Regulation of Foreign Exchange Risk (in Czech)
This work examines specific issues concerning the prudential management and regulation of foreign exchange risk. It begins with a description of the basic components of foreign exchange risk management. A central but frequently forgotten point of foreign exchange risk is that the key to its effective management lies in the bank risk management system itself. This management system should begin with an effective and efficient scheme of internal controls, based on stringent accounting and informational standards, with a clear allocation of responsibilities. The methods applied for the regulation of foreign exchange risk are described and analyzed together with demonstrative example.
Volume (Year): 53 (2003)
Issue (Month): 7-8 (July)
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