CLS committed to settlement risk mitigation under new regulations

Joel Clark
14 Feb 2011

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]