CLS same-day settlement 'positive' for CAD market, says FX committee chair
The introduction of CLS settlement for same-day USD/CAD trades this week is a positive development for Canada's foreign exchange market that will enhance settlement risk mitigation, despite concerns voiced by banks over the impact on liquidity, according to a senior official at the Bank of Canada.
Speaking exclusively to FX Week, Donna Howard, Ottawa-based adviser to the governor of the Bank of Canada and chair of the Canadian Foreign Exchange Committee (CFEC), welcomed the successful launch of
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