Settlement
CLS facing obstacles adding RMB to its platform
RMB volumes set for growth but settlement remains an issue
Nigerian financial infrastructures increasing cooperation
If you build it, they will come
CCPs face $161 billion liquidity shortfall to clear FX options, GFXD finds
Results of an industry study reveal the scale of the liquidity burden that would fall on CCPs clearing physically delivered forex options – but a net settlement mechanism could reduce the number by 73%
OpRisk North America: Cyber interconnectivity causing systemic risk
Banks must be aware of the risks of data transfer, conference is warned
Is fully compliant SSI data finally in sight?
Sponsored statement: Omgeo
High-stakes settlement and execution risks at BNY Mellon
Custodians of risk
New CPSS/Basel guidance on FX risk management to be published soon
A new consultation paper on risk management practices in the FX market will be released in the third quarter – and may be published as early as this month
First person: Passporting central securities depositories
CSDs in harmony?
China looks to offshore ETFs
Looking beyond the border
CPSS-Iosco lifts cloud on forex options clearing
CCPs do not have to guarantee settlement, CPSS-Iosco rules - but issue could still have some way to run
Mitigating op risks for CCPs post-crisis
To the rescue
Wells Fargo: late entrant to the OTC clearing race
A credible competitor
Basel guidance on settlement risk delayed until June
Updated guidance on foreign exchange settlement risk from the Basel Committee and CPSS was originally expected by the end of 2011, but now has an expanded remit
Federal judge's ruling could change prosecution of Wall Street
Legal experts see potential effects of Rakoff's SEC-Citi ruling for major banks' settlements
US judge rejects 'inadequate' settlement between SEC and Citi
Manhattan federal judge refuses to approve SEC settlement relating to Citi's negligence over 2007 CDO
ECB offers CSDs financial incentives for early T2S adoption
European Central Bank offers central securities depositories (CSDs) financial incentives to sign up to T2S early; governing council gives CSDs until the end of April to agree
Thai banks deploy continuity plans as settlement and liquidity risks rise due to floods
The Bank of Thailand and the country’s leading banks are moving to ensure the country’s payments systems do not grind to a halt due to Thailand’s worst flooding in 50 years. So far, Thailand’s high value settlement system as well as cash reserves at…
Hong Kong to start OTC derivatives clearing and reporting in January 2013 – HKMA's Lau
Hong Kong will “tentatively” introduce centralised clearing and reporting for OTC derivatives in January 2013, said Edmond Lau, HKMA executive director, at the Isda Asia-Pacific Conference 2011