Settlement risk
Hirani, Masters and Wilson apply bitcoin to settlement risk
Derivatives market pioneers co-opt bitcoin tech in bid to transform mainstream markets
Basel proposal to capitalise settlement risk ‘unnecessary’
In comment letters published last week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
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
Interbank settlements: the cash must flow
The cash must flow
Bank of England aims to cut op risk exposure to payment systems
Moves to overhaul Chaps will cut risk for central bank as well as members, says Chris Salmon, chief cashier at the Bank of England
Exemption clarity allows market participants to prepare for new regime
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that fx swaps and forwards are set to be exempt
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
Santander live as settlement member
Decision to join CLS Bank follows change in policy at Citi, Santander's former third-party CLS provider
Deutsche Bank launches matching service
Deutsche Bank has launched a clearing service that gives investors a real-time view of futures and options trades.
Isda guidelines seek to end OTC settlement breaks
Derivatives guidelines aim for pre-settlement confirmation, simplified compensation claim structure
The impact of regulation on the global OTC market
Three web seminars – in Hong Kong, London and New York – exploring key changes in international OTC derivatives regulation from a regional perspective
Derivatives clearing: a selection of coverage from Risk.net
Derivatives clearing is one of the hottest regulatory topics at the moment around the world.
Risk Forum: Settlement Risk
A panel-debate style forum moderated by Risk's Nick Sawyer on settlement risk in the foreign exchange marketplace.
Market practices ‘back to basics’ after Lehman collapse, says study
Lehman’s fall has made cautious deal-makers focus on legal risk and risk analysis
CEBS issues call for evidence on the risks for custodian banks
Daily news headlines
Time for action
Back-office processing has long been the neglected stepchild of the derivatives business. But improved technology and growing systemic risk mean the time is ripe for supervisors to demand T+0 reconciliation, argues David Rowe