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Continuous-linked settlement

The banking industry has mixed emotions about the introduction of continuous linked settlement (CLS), a global system designed to substantially reduce foreign exchange transaction risk by settling trades in real-time.

To begin with, software problems associated with internet links have forced New York-based CLS Bank – the organisation implementing the programme – to postpone its introduction until at least the second quarter of 2002.

This is the second major delay to CLS. The very first ‘go-live

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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