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Predictably, the majority of comment on the BIS survey led with the largely meaningless aggregate turnover figure, a measure that is about as useful a gauge of FX market development as VaR is as a tool for the management of an exotic options book
EuromoneyFiX / FX comment: CEBS stress tests have no punchline
July 23, 2010
Trevor Carr
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Salary: GBP - GBP500 p/day Location: Docklands View
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EuromoneyFiX / FX comment: CEBS stress tests have no punchline