Settlement risk
CAI & CL chiefs share top posts
Crédit Agricole Indosuez (CAI) and Crédit Lyonnais (CL) executives will share the management of foreign exchange after the two banks’ merger on April 30, reports Risknews ' sister publication FX Week .
by conor ringland
It's the biggest financial market in the world, it never stops, it's transparent and opportunity keeps knocking. No wonder then that hedge funds are increasingly looking to foreign exchange
Shrinking cost of foreign exchange options
The cost of buying currency options has come down only "moderately" for clients in recent weeks and months, said options specialists interviewed by Risk’s sister publication FX Week . But in terms of the increased risk protection they currently provide…
Strong global OTC growth continues
A surge in interest rate swaps drove a global increase in the over-the-counter derivatives market of 20% over the first half of this year, according to figures released today by the Bank for International Settlements (BIS).
Continuous-linked settlement - The Asian connection
Several Asian banks are already using continuous-linked settlement to reduce foreign exchange risk, but with more Asian currencies set to be added over the next year, the number of users looks set to rise further.
Basel II is a key driver for real-time info
TECHNOLOGY BRIEFS
The Asian connection
Continuous-linked settlement
STP break puts banks at risk
TECHNOLOGY
STP break puts banks at risk
Third-party banks using the continuous-linked settlement (CLS) service may be subject to increasing operational risk as a result of a breakdown in straight-through processing (STP), reports Risk's sister publication FX Week .
Technology Briefs
TECHNOLOGY
Basel may advise banks on outsourcing
The Basel Committee on Banking Supervision may investigate the risks associated with outsourcing trading systems to third parties, a senior Bank for International Settlement (BIS) official told FX Week.
Tech glitch hits CLS
THE BACK OFFICE
Merrill to settle forex trades via Citi
New angles
Tech glitch strikes CLS
NEW YORK — The failed settlement of over 20,000 Australian dollar and Japanese yen trades on the Continuous Linked Settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials told FX Week.
Merrill to settle its forex trades via Citi
Citigroup has won a coveted deal to settle Merrill Lynch’s forex trades on its behalf on the new Continuous Linked Settlement (CLS) service for FX.
FiXing op risk
In a post-Rusnak era, operational risk management is a high priority. Could the Financial Information eXchange messaging standard provide a safety net?
ECB highlights dangers of over-concentrated market
FRANKFURT — Market consolidation and a reliance on electronic trading could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
ECB highlights dangers of over-concentrated FX market
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
Citi triumphs in Asian CLS
TAIWAN — Citigroup appears to be winning the battle for third-party CLS business in Asia.
RiskNews review
RiskNews review