Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
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NEW YORK -- The failed settlement of over 20,000 Australian dollar and Japanese yen trades on the continuous linked settlement (CLS) service in March was caused by multiple technical faults, senior CLS officials told Operational Risk's sister publication...
Citigroup has won a coveted deal to settle Merrill Lynch’s foreign exchange trades on its behalf on the new continuous-linked settlement (CLS) service for forex. As about 20 banks jostle to secure third parties to use their CLS services, the Merrill...
NEW YORK — The failed settlement of over 20,000 Australian dollar and Japanese yen trades on the Continuous Linked Settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials told FX Week.
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future