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Settlement risk is on the rise: what can be done?

The panel

  • Lisa Danino-Lewis, Chief Growth Officer, CLS
  • Sandra Laielli van Scherpenzeel, Executive Director, Global Head Cash, Banks, UBS Switzerland
  • Tom Owens, Director, BNY Mellon
  • David Reid, Global Head of FX Prime Brokerage, Deutsche Bank
  • Moderator: Joe Parsons, Global Markets Deputy Editor, FX Markets and Risk.net

During a time of continuing uncertainty, industry participants are increasingly worried about settlement risk – a risk that has largely been ignored because of other priorities. This leaders’ panel provides actionable insights on settlement risk mitigation and the best solutions available, and discusses the impact of the FX Global Code on FX traders and their clients, the benefits of multiple settlement providers and where risk remains in the market.

Key topics include:

  • Whether the rise in settlement risk is an impediment for the FX business and the primary areas where risk remains in the market
  • Whether an alternative payment versus payment solution can help tackle the problems presented by currencies not currently eligible for continuous linked settlement (CLS)
  • How adding new direct or third-party participants to CLS can benefit businesses
  • The benefits of having multiple settlement providers.
 
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