Deutsche Bank chief lauds Basel II

Josef Ackermann, Deutsche Bank’s chief executive, has said financial regulators should follow Basel II’s lead and seek to co-operate internationally more often.

Speaking at a symposium on Effective Regulation in the Transatlantic Marketplace organised by the Institute of International Finance, Ackermann said: The globalisation of financial markets has today reached dimensions that render regulatory and supervisory concepts based on purely national foundations inefficient at best – and at worst, ineffective.”

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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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