News/Risk Management
CLS and Traiana-backed aggregation engine extends global reach with addition of Japanese bank
Participants at the International Ruble Settlement Forum agree initiative needed to promote use of real-time settlement in Russia
Local liquidity providers are pivotal to CLS success in the ruble, but Russian banks are not yet convinced of the benefits of membership
Sign up for a free trial & you'll receive 4-weeks access to FX Week.com
More News/Risk Management articles
FX settlement system aims to add another 17 currencies within 10 years, but some caution that CLS membership doesn't make economic sense for certain emerging market currencies
Greater use of capital and collateral to mitigate all risks relating to FX trading is crucial, warns Jeanmarie Davis, head of financial market infrastructure at the NY Fed
Management changes at CLS continue with the appointment of Dino Kos, former head of FX at the New York Fed, as head of global regulatory affairs
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership as well as its currencies
Investment in business continuity and the robustness of electronic platforms is increasingly important in the light of Hurricane Sandy, say conference speakers
The Swedish bank is the latest bank to become a settlement member of CLS, after Lloyds was added in September 2011
In comment letters published this week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
The April 2013 - June 2013 edition of FX Invest, the quarterly sister magazine to FX Week, is now available
Click here to download this latest edition
Conferences
Advertisement
Digital edition
Download the latest digital edition of FX Week here
Subscribers get every issue on your iPad to read on the go
Download the latest digital edition of FX Invest here
Email alerts
FX Week Directory
Advertisement
Poll
Jobs