Innovations in exchange risk management in commercial banks

The article deals with adoption of innovations in exchange risk management by commercial banks. The article objective is to substantiate theoretically the innovative approach to the exchange risk management in the commercial banks. The author studies a strategy of the exchange risk management depending on the outside factors, develops complex strategy criteria of the exchange risk management, and suggests a system of the foreign exchange holdings management. The research results represented in the article may be implemented by the commercial banks managers and regulatory authorities. The author concludes the need for innovations adoption in the exchange risk management system in the commercial banks.