CLS committed to settlement risk mitigation under new regulations

jonathan-butterfield-cls-2009

Central settlement provider CLS Bank insists its primary purpose will continue to be the mitigation of settlement risk, despite some suggestion it might take on the role of central counterparty (CCP) for foreign exchange contracts under new regulations for over-the-counter derivatives.

"CLS's principal mission is the elimination of settlement risk from the FX market and so our primary focus has to be the continued expansion of the share of the FX market being settled," said Jonathan Butterfield,

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 indvidual account here: