The real rocket scientists


Risk management failures are rarely as tragically visible as those of the US National Aeronautics and Space Administration (Nasa). On January 26, 1986, the space shuttle Challenger exploded shortly after lifting off, killing its crew in what Nasa management told the subsequent inquiry was a "one in 100,000" event.

Richard Feynman, Nobel Prize-winning physicist and one of the Challenger accident investigators, castigated Nasa's misunderstanding of the risks: "It would appear that ... the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

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

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here