Climate unsettled
Like everything else in today's much more complex and sophisticated financial markets, settlement risk has adopted a new guise, and has gravitated to the centre of many bankers and regulators' concerns once again. Although it never ceased to be a worry, especially for those responsible for the plumbing of currency and derivative markets and the system as a whole, the current imperative of ensuring the settlement of trades in the CDS market means new and robust solutions must be identified for
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