Our aim in setting out these principles is to provide market participants with the framework in which to think about how they, for example, handle their orders. The emphasis here is very much on the word ‘think’. 1/4  BIS central bankers' speeches  These principles of good practice have helped to restore confidence and promote the effective functioning of the wholesale FX market.
The Federal Reserve is very supportive of an independent audit function at financial services companies. As indicated in our amended interagency policy statement released last year, the audit committee  2  2  A copy of the draft can be obtained at the COSO web site at http://www.coso.org/publications.htm.