DBRS gets regulatory approval for Europe

European authorities have granted rating agency DBRS official status as an External Credit Assessment Institution (Ecai), which enables its ratings to be used to assess capital risk weightings under Basel II. DBRS is the fourth rating agency to win Ecai recognition, alongside Moody's, Standard & Poor's and Fitch Ratings.

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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