Foreign Exchange Committee Releases 1990 Annual Report

REGULATIONS

The Foreign Exchange Committee released its 1990 annual report last week. The report, which included a number of documents already in circulation, also contained an update on the Committee's ongoing efforts to establish an international currency options master agreement, as well as its discussions on market liquidity and foreign exchange netting systems.

The Committee reported that a group of U.S. lawyers from various institutions active in the foreign currency options market agreed to draft a

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