BIS Highlights Risks Of Further CLS Delays

NEWS

BASEL—The Bank for International Settlements has highlighted the risk of higher foreign exchange settlement costs for banks if the development of continuous linked settlement is hit by further delays.

Continuous Linked Settlement Services (CLS), a private sector initiative designed to eliminate FX settlement risk by constructing a global clearing and settlement network, has so far postponed its launch date from October 2000 to late 2001.

In a statement the BIS referred to recent comments from the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: