Time for Corporates to Stress Test FX?
The SIBOS 2011 Issues Preview Edition had an interesting article around Tim Keaney's (vice chairman and CEO at BNY Mellon) views on growth opportunities for banks. 4th on his list (of 4) is FX volatility. It’s not so much the presence of FX that interested me but rather it’s qualification with ‘volatility’. Now that’s the astute bit and where banks should be pushing for growth with corporates. For corporates, rate changes in minor / exotic currencies have always been of conc
