LONDON -- CLS Bank in early November authorised its settlement members to offer Continuous Linked Settlement (CLS), the banking initiative to cut settlement risk in currency markets, to their banking customers.The...
Market participants fear the rise of electronic trading may adversely affect liquidity and volatility in the forex markets, according to the Bank for International Settlements (BIS).
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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LONDON -- Continuous Linked Settlement (CLS), the banking initiative to cut settlement risk in currency markets, settled currency trades worth over $1 trillion in just over three weeks after going live on September 9. Settlements were running at more...
NEW YORK -- Continuous Linked Settlement (CLS) -- the long-awaited banking industry initiative to cut settlement risk in currency markets -- was due to go live on September 9 as Operational Risk went to press. Following the go-ahead from the US Federal...
LONDON -- CLS Bank International said in July it had successfully completed the first phase of live trials of Continuous Linked Settlement (CLS), the foreign exchange industry-led project designed to eliminate settlement risk in the forex market.The trials...
Allfirst’s $700 million currency trading loss taught some old lessons. Currenex’s Jim Kleckner argues that electronic trading platforms are the best defence against errant traders Many people perceive the value of electronic foreign exchange (e-FX)...
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
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