Post by Sapphire Capital on Dec 17, 2009 7:44:31 GMT 4
Reducing Foreign Exchange Settlement Risk
Robert Lindley Bank for International Settlements (BIS)
BIS Quarterly Review, September 2008
Abstract: Much progress has been made in reducing settlement risk in foreign exchange markets, particularly through use of CLS Bank. However, the remaining exposures are sometimes still significantly large and not always well managed, creating the potential for systemic risk. To address this problem, it is particularly important that prudential regulators promote effective management of the risk by market participants.
General information only, this is no legal or financial advice or legal opinion and no solicitation or offering of services. Use of posted information should be contingent on your counsel advise on a case by case basis.