An unconfirmed success

Back office

pg45-wainwright-gif

An unhealthy backlog of unconfirmed trades has forced credit derivatives dealers to spend some time in their neglected back offices. Prompted by fears that serious systemic problems could unfold in the event of a rapid series of corporate defaults, global regulators have begun to monitor dealers' progress with the clean-up and improvement of their trade confirmation systems and procedures. The Federal Reserve Bank of New York stated in February it was encouraged by improvements made by

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: