Godfried De Vidts President, ACI
Godfried De Vidts President, ACI

Are terrorist attacks a threat to our markets?

Godfried De Vidts looks at the risks posed to the FX market by attacks such as the recent London bombings.

First Published: e-Forex Magazine 21 / Foreword / October, 2005

Nobody will deny that we are living in a dangerous world. The London bombings reminded the financial markets that since the tragedy of September 11 we have to be vigilant. In an internal communication to our members I issued the following release: “ACI – The Financial Markets Association extended its condolences to the families and friends of all those killed or injured in the horrific terrorist acts that occurred yesterday in London. In particular its thoughts are with the families of any of its members who may have been victims of this atrocity. ACI hopes that the financial markets will try and cope with this disaster in as calm and sensible manner as is possible.” ACI UK reported that it has received many messages of support and condolence from other ACI National Associations. The next Monday I spent a business day in London. Speaking to many colleagues in the market the calm and composed attitude of all was remarkable. The UK authorities including the Bank of England and the FSA have...continued

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