Systemic risk continues to be a watchword for regulators. But while it is now frequently associated with the carnage wrought by US subprime mortgages, the term was formerly reserved for regulatory debate concerning hedge funds.

Some of these fears live on. In South Africa, systemic risk was a major reason why the country's Financial Services Board (FSB) officially commenced a licensing scheme covering over 100 of the country's hedge fund managers during the past year (see pages 74-76). To obtain

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

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

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here