The earlier review by the Foreign Exchange Review Committee had recognised room for improvement in conduct and governance related to the over-the-counter fixed income, currency, commodities and derivatives markets. In September 2018, the FMRC released a draft Financial Markets Review5 for public comment.
BIS Review 21/2003  1  RTGS, as a settlement process, minimizes settlement risks by settling individual payments in real time in the books of account, held at the Central Bank. Under RTGS, the practically instant settlement ensures fast, secure, final and irrevocable settlement of payment transactions.