Market experts predict that a risk-free settlement mechanism could double trading of offshore RMB, but forex settlement utility CLS is facing obstacles in adding the Chinese currency to its platform
The aim of this paper is to provide one uniform representation of functional concepts for the whole field of financial infrastructures. This encompasses the part of the infrastructure with inherent systemic...
Last week a student asked me the following question: "How are the two top floors of the warehouse connected?" She had attended a lecture on real-time gross settlement (RTGS) systems settling in central...
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At Nigeria's third Capital Market Committee retreat, Kyari Bukar, the head of the country's central securities depository, reports on progress liberalising the market - and dealing with unclaimed dividends
Results of an industry study reveal the scale of the liquidity burden that would fall on CCPs clearing physically delivered forex options – but a net settlement mechanism could reduce the number by 73%
In this summer 2013 issue of The Journal of Financial Market Infrastructures we again have contributions that span all three floors of the metaphorical warehouse introduced half a year ago: retail payments on the ground floor, large-value payments one...
The level of intraday liquidity needed for settlement varies according to settlement methods. This paper analyzes the effects of the shift from deferred net settlement to real-time gross settlement (RTGS) with liquidity-saving features on the liquidity...
Banks must be aware of the risks of data transfer, conference is warned
New York’s BNY Mellon has sold off its retail operations and holds no prop trading book – but operational risk is more important than ever for the company, with customer due diligence and business continuity particular worries, op risk head David...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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