Canada and Australia risk banking crises

Canada and Australia are running the risk of a banking crisis of the type that hit Iceland in 2006, according to a report from Fitch Ratings.

The agency gives economies a ‘macro-prudential’ indicator, which measures vulnerability to the sort of systemic stress that tends to trigger a banking crisis. In its latest banking report, issued today, Fitch promotes Australia, Canada and Iran to level three, joining Iceland on the highest level.

A score of three, Fitch says, means private sector credit

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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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