CLS Service Attracts Controversy At Sibos


MUNICH--CLS Services has been promoted as the next-generation tool for reducing the massive threat of settlement risk inherent in the world of cross-border foreign exchange business--the issue that has attracted regulatory attraction and rumors of increased regulatory capital requirements for foreign exchange houses. Yet, CLS Services still has not attracted the industry's attention, a fact that has frustrated some risk officials and provoked controversy at the annual Sibos convention and

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