Den Danske Bank Joins Echo As Banks Digest BIS Report


Den Danske Bank, Denmark's largest bank, has decided to join the Exchange Clearing House (Echo) and use its service for multilateral net settlement of interbank foreign exchange.

Den Danske made the announcement in the same week as the Bank for International Settlements (BIS) released its report on foreign exchange settlement risk (FXW, April 2). The BIS surprised some bankers by advocating private sector initiatives rather than coming up with public sector solutions to settlement risk.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: