FX dealers face end-of-day trading stress from T+1 shift
Experts say switch to using overnight swaps could be “problematic” and lead to wider spreads
Source: risk.net
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As T+1 looms, non-US firms consider out-of-hours trading
Pruned settlement cycle forces foreign buy-siders to explore automating the FX leg of securities trades
Source: risk.net
EquiLend cyber hack exposes trade reporting dependence
Ransomware attack at securities lending platform disrupts regulatory compliance
Source: risk.net
Hirani, Masters and Wilson apply bitcoin to settlement risk
Derivatives market pioneers co-opt bitcoin tech in bid to transform mainstream markets Three derivatives market trailblazers are working together on a bitcoin-related venture, with the aim of using the crypto-currency’s underlying technology in the transaction of traditional assets. It could have profound implications for everything from foreign exchange to derivatives clearing
Source: risk.net
BoE edges closer on FX settlement risk clarity
Central bank’s FX head says new survey will help to identify where risks may lie
International Settlements European Central Bank Bank Of England Boe Central Banks Foreign Exchange Settlement Risk
Source: risk.net
T+1: complacency before the storm?
This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed
Source: risk.net
Can CCPs provide a port in a storm for securities lending?
Basel III, T+1 and EquiLend scandal all incentivise clearing, but also disintermediation
Kyle Ringrose Securities And Exchange Commission Sec Eurex Clearing Options Clearing Corporation Occ Cboe Global Markets Nited States Us
Source: risk.net
Could intraday FX swaps help reduce settlement risk?
New swap platform hopes to ease funding pains, but can it promote more use of PvP?
International Swaps Derivatives Association Global Financial Markets Association Global Foreign Exchange Division Global Financial Markets Association Gfma Settlement Risk
Source: risk.net
On-chain FX's brave new world excites some, worries others
Trading tokenised versions of currencies on blockchain could slash settlement risk but sceptics raise concerns over liquidity and pricing
Bank For International Settlements Bis Digital Currency Foreign Exchange Distributed Ledger Technology Dlt Settlement Risk Operational Risk
Source: risk.net
Settling FX in a T+1 world
The $7.5tn-a-day global foreign exchange market is once again buffeted by the regulatory shifts elsewhere. The scramble is on to find out whether trading costs and operational risks will rise, or currency trading patterns will morph into a pattern more closely aligned to equities.
Source: thebanker.com