CLS Service Attracts Controversy At Sibos

MUNICH--CLS Services has been promoted as the next-generation tool for reducing the massive threat of settlement risk inherent in the world of cross-border foreign exchange business--the issue that has attracted regulatory attraction and rumors of increased regulatory capital requirements for foreign exchange houses. Yet, CLS Services still has not attracted the industry's attention, a fact that has frustrated some risk officials and provoked controversy at the annual Sibos convention and