Capital, liquidity and reputation are all exposed by weak handling of money markets and foreign exchange. The audit trail behind foreign exchange matters as much as the decision itself. The course gives participants a defensible structure for the practice within financial and banking practice and the judgement to adapt it. Comparative studies of money markets and foreign exchange across sectors find the same handful of failure points recurring. Participants apply this area of financial and banking practice to their own business line throughout, so the output is directly usable. Participants finish able to explain foreign exchange to a non-specialist audience without losing precision. It suits anyone whose decisions touch money markets and foreign exchange, in large organisations and small ones alike. What blocks progress on foreign exchange is usually unclear ownership rather than unclear intent. The programme ends where implementation begins, with this part of financial and banking practice broken into steps someone can start on Monday.
Expected Learning Outcomes
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Define the risk appetite applying to money markets and foreign exchange and translate it into operating limits.
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Build a concise control framework for foreign exchange that colleagues can follow without further explanation.
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Plan the remediation route when a weakness in money markets and foreign exchange is identified.
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Verify that improvements to foreign exchange have held six months after they were introduced.
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Assess the concentration risk building up inside money markets and foreign exchange.
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Apply the relevant accounting and disclosure treatment to foreign exchange.
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Document decisions about money markets and foreign exchange in a form that remains useful after the people change.
Who Should Attend
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Planning staff whose forecasts and budgets are affected by money markets and foreign exchange.
