The latest settlement risk articles from FX Week

Basel guidance on settlement risk delayed until June

Mon, 30 Jan 2012 00:08:14 GMT

Updated guidance on FX settlement risk from Basel Committee and CPSS was originally due by end of 2011, but now has an expanded remit

CLS pushing 'transformation' agenda, says Bozian

Wed, 30 Nov 2011 18:30:34 GMT

FX Week

Central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian

Spotlight on: Alan Bozian, CLS

Wed, 30 Nov 2011 17:09:58 GMT

FX Week

The chief executive of CLS talks to Joel Clark about the transformation agenda he has been pushing since taking the top role in 2010, as he seeks to position CLS as a more robust infrastructure with greater currency coverage and broader participation

CLS pushes transformation agenda as it nears 10th birthday

Wed, 30 Nov 2011 17:09:58 GMT

FX Week

Central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian

FX Week meets Alan Bozian, CLS

Wed, 30 Nov 2011 17:09:58 GMT

FX Week

During his most recent visit to London in mid-November, Alan Bozian, chief executive of CLS, met with Joel Clark to discuss the transformation agenda he has been pushing since joining CLS in 2010

LCH.Clearnet eyes November launch for NDF clearing

Sun, 02 Oct 2011 23:33:40 GMT

FX Week

London-based CCP is set to launch clearing for NDFs in six currencies in mid-November, having shelved plans for options clearing while banks discuss settlement-related issues with regulators

Forex options clearing complicated by guaranteed settlement requirements

Wed, 20 Jul 2011 15:40:39 GMT

FX Week

CPSS-Iosco guaranteed settlement requirements make FX options clearing more difficult, say participants

CLS considers membership category for CCPs

Wed, 20 Jul 2011 14:52:09 GMT

FX Week

Foreign exchange central settlement provider CLS Bank is considering the creation of a new membership category for central counterparties (CCPs) developing clearing services for FX derivatives, the firm has told FX Week.

Barclays Capital signs up to CLS Aggregation

Wed, 20 Jul 2011 14:52:09 GMT

FX Week

UK bank becomes the ninth CLS Aggregation participant since the platform launched in January 2010

CCPs should become direct members of CLS, poll suggests

Wed, 20 Jul 2011 14:52:09 GMT

FX Week

72% of poll respondents call for CCPs to join CLS to ensure settlement risk continues to be effectively managed when mandatory clearing is introduced

CLS welcomes new Basel working group on FX settlement risk

Sun, 20 Mar 2011 18:24:45 GMT

FX Week

Work between central banks and supervisors that was halted at the onset of the financial crisis is now set to continue

CLS welcomes new Basel working group on FX settlement risk

Fri, 18 Mar 2011 18:03:23 GMT

FX Week

Work between central banks and supervisors that was halted at the onset of the financial crisis is now set to continue

UBS regains top spot for CLS

Thu, 24 Feb 2011 11:15:12 GMT

FX Week

UBS swings back into the lead as the top provider of CLS third-party services, as demand for access to the industry utility continues to rise.

CLS committed to settlement risk mitigation under new regulations

Mon, 14 Feb 2011 00:30:46 GMT

FX Week

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

HKEx moves to introduce margins for cash clearing members

Wed, 12 Jan 2011 15:21:09 GMT

FX Week

HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing derivatives clearing practices.

CLS volumes and values up year on year in 2010

Tue, 11 Jan 2011 16:38:00 GMT

FX Week

Average daily volumes settled over CLS in 2010 were up 33% on 2009, with 792,900 instructions settled. Average daily values were also up, by 22%, with $4.1 trillion settled.

Santander live as settlement member

Thu, 16 Dec 2010 17:58:01 GMT

FX Week

Banco Santander went live as a settlement member of CLS Bank on November 15, bringing the total number of banking and financial institutions comprising CLS's members up to 61.

CLS to double input capacity by year-end

Mon, 08 Nov 2010 00:20:16 GMT

FX Week

CLS plans to double the capacity of its trade notification gateway by year-end, which will prevent a repeat of the backlog that emerged from the May 6 spike in trade, officials tell FX Week.

September year-on-year volume increase at CLS

Sun, 17 Oct 2010 23:11:18 GMT

FX Week

NEW YORK – CLS experienced a year-on-year rise in volumes settled over its system in September.

FX - After the trade is made: the future of the CLS relationship

Mon, 20 Sep 2010 05:26:55 GMT

FX Week

How will CLS fare as new regulations take hold? Olaf Ransome, director at forex operations consultancy, 3C Advisory in Zurich examines the future for the FX infrastructure

UBS shines as CLS provider during turmoil

Mon, 13 Sep 2010 10:42:25 GMT

FX Week

UBS took home the accolade for the best third-party CLS provider, in a year that has tested the model's basic premise.

Citi triumphs, Deutsche bounces back

Mon, 13 Sep 2010 10:42:24 GMT

FX Week

LONDON - Citi maintains its lead in this year's FX Week Best Bank awards, as Deutsche Bank bounces back to take second spot.

UBS wins with front-to-back approach

Wed, 04 Aug 2010 12:13:29 GMT

FX Week

UBS has retained its number one position as the best bank for foreign exchange prime brokerage in this year's FX Week Best Bank Awards. Deutsche and Citi followed in second and third places respectively.

Bloomberg Tradebook back on track

Wed, 04 Aug 2010 12:13:29 GMT

FX Week

NEW YORK - Bloomberg Tradebook is this week re-launching its foreign exchange electronic communications network after suffering up to eight weeks of outage as it sought to replace AIG as its central clearer.

Industry pushes to expand CLS coverage

Wed, 04 Aug 2010 12:13:29 GMT

FX Week

LONDON - Panellists at the FX Week Europe Congress held in London last week applauded CLS for its role in alleviating settlement risk, but pushed for expansion to cover more counterparties, currencies and products.