Regulators focusing on clearing and settlement risks, says Tower

Business continuity issues involved in the clearing and settlement process are becoming a focal point for regulators, according to a new report published by US consultancy, Tower Group.

In the aftermath of September 11, Tower identified growing concerns about potential points of failure in the payment system, particularly in the wake of consolidation among larger banks, the inter-connectedness of payment networks and the concentration of clearing systems in major cities globally.

The Group believes the problems are particularly critical at the top-end of the market, among those institutions that provide the foundation for wholesale payments clearing and settlement services.


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


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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