FX trader faces possible execution

A Vietnamese bank employee faces possible execution in Vietnam after losing some $5.4 million in allegedly unauthorised proprietary trading.

If found guilty of misappropriating state funds, Thi Quynh Van Nguyen, a trader at the Industrial and Commercial Bank of Vietnam (Incombank), could face death by firing squad, say local media reports.

Incombank has filed a civil suit against ABN Amro, the counterparty to the trades, and is demanding compensation of $5.4 million. Two ABN Amro employees have

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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