Corporate risk manager of the year

Asia Risk Awards 2002

Last year’s attack on the World Trade Center distressed the global markets in a variety of ways. But among the most significant were the ramifications for the international aviation industry. The industry suffered total losses of $12 billion in 2001, while losses for international scheduled operations this year are expected to be in the region of $4-6 billion, according to the International Air Transport Association. While most carriers escaped with frail balance sheets, a number of

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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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