RBA Investigates Its A $2 Million Email Error

When the Reserve Bank of Australia sent a rate-change email too early on 2 February it might have caused gains/losses in the markets of around A$2 million, according to a post-mortem published by the bank.

The damage to the reputation of the reserve bank as a safe pair of hands is more difficult to estimate.

The email was sent at 9.24am to 62 people outside the bank -- including journalists, financial institutions and traders. It gave anyone who opened it six minutes notice that the bank intended

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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

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