Walker Review ruffles feathers in the City

Editor's blog

The Walker Review has ruffled a few feathers in the City with the usual outcry about bankers threatening to leave the UK in the press due to reforms over pay packages. But compensation reform is not the core of the proposals. The real changes come at the governance level, particularly concerning the need for reform at the non-executive director (NED) level. The NED circuit has long been viewed as a nice way to round off a business career or an opportunity for companies to appoint well-known NEDs

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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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