CLS Bank
Leder returns to SEC in cross-border role, and other recent job news
Paul Leder rejoins after 14-year stint in private practice
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
CLS squares up to member onboarding challenges
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership and its currencies
China dominates our thinking: David Puth, CLS chief executive
Interviewed at the Sibos conference in Osaka, David Puth talks about growth plans for Asia and the risk management implications of central clearing
Concerns raised over Basel settlement risk guidance as consultation closes
The revised guidance on managing settlement risk could distort the forex market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
CLS hires JP Morgan veteran as chief executive
David Puth will become the next chief executive of CLS, starting next week, the settlement risk utility announced today
Slater to join Standard Chartered as group head of operational risk
Peter Slater leaving CLS to take up op risk role at Standard Chartered
Standard CSA: the dollar dominance dispute
The dollar dominance dispute
CLS pushing 'transformation' agenda, says Bozian
The central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian
Regulators plan co-ops as answer to OTC fragmentation
CLS Bank-style regulatory council could be applied to trade repositories and CCPs to avert market fragmentation, but French regulators are not convinced
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
Eurozone crisis boosts September spot volumes
Falling confidence in the eurozone and the flight to and from commodities-based currencies has resulted in record volumes, platforms report
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
CFTC rule-making narrows field in repository race
CLS decides not to pitch to become a foreign exchange repository provider after CFTC rule-making demands extra granularity and timeliness in data reporting
Arguments against forex clearing flawed, says Duffie
Foreign exchange forwards and swaps should be cleared under Dodd-Frank despite industry reservations
CLS names first chief risk officer
Naresh Nagia joins from Genworth to head settlement provider's risk management
CLS considers membership category for CCPs
"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
CLS committed to settlement risk mitigation under new regulations
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
EC: Prepare for FX clearing in US and EU
European Commission's Patrick Pearson says no member state has advocated an outright exemption for foreign exchange clearing
Risk awards 2011
Risk awards 2011