Deal comes as French bank faces one-year US dollar clearing ban
This three-part series looks at the various factors that firms across the ecosystem of global FX markets - from the buy-side, the sell-side, and the supporting community of technology vendors and service providers - should consider in order to, not just survive, but to thrive in this dynamic and ever-changing environment.
More Legal risk articles
Total bill from penalties and lawsuits could reach “tens of billions,” some estimate
Future crises will be tougher to resolve if legal risks stop strong banks acquiring wounded competitors, warns CRO for RBS Americas
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
US FFIEC, meanwhile, releases proposed guidance on social media
Lying in rates
The Basel Committee on Banking Supervision has defined operational risk, legal risk and compliance risk. However, the definitions might not be adequate for countries with a common law legal system, such...
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.