CLS settlement: the challenges ahead
Despite showing its resilience relative to the wider financial markets, the foreign exchange industry is not without its challenges. The collapse of major liquidity providers last year underscored the need to remain vigilant as counterparty and settlement risk took centre stage. As risk is re-priced to more accurately reflect counterparty, settlement and operational exposures compounded by a tighter regulatory environment, a question has emerged over what role CLS can play.
FX Week: What has
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