CLS, the bank that plays a pivotal behind-the-scenes role in the global foreign exchange (FX) market, has added to warnings of a build-up of post-trade risks. Foreign exchange is the […]
Last week the general manager of the Bank for International Settlements (BIS), Agustín Carstens, made a spirited defence of central banks’ role in the global monetary system. “The monetary and […]
Transferring money from one person to another is relatively easy if you are in physical proximity, in the same time zone or national financial system. But what if your counterparty […]