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Surge in scale and frequency of operations amid switch to work from home created “issues”

Deborah Hrvatin discusses integrated risk management, mega-hacks and model risk

Risk.net Industry groups and tech experts worry that proposed last-minute changes will introduce new risks Print this page   Changes proposed by Australia’s top exchange to its new blockchain-based settlement system for stocks have drawn fire from prominent sections of users, who fear that the amendments will create new risks. Under the proposal published in February, the Australian Securities Exchange (ASX) will move to an exception-only reporting model, meaning that clearing brokers will no longer receive confirmation messages for trades that settle successfully. The overnigh...

Buy-side physical FX clearing at LCH faces scepticism Lack of clearing mandate and settlement wrangles mean demand for putative service remains weak Print this page   The onward march of central clearing in financial markets has hit an obstacle. A move by the world’s largest clearing house to encourage asset managers and hedge funds to clear deliverable foreign exchange trades is foundering, market participants say. Questions have been raised over the costs to clients and banks from this type of clearing, as well as access to foreign currency for settlement. The lack of a regul...