September - Quote unquote
"A number of our member banks came to us last year and said current practice was well past its sell-by date" -- Simon Hills, at the British Bankers’ Authority, on tackling the risks of unnamed counterparty trading in February
"CLS settlement 100% ‘on-time’" -- Joseph De Feo, chief executive of CLS Bank International, on March 12, before the settlement service’s first major outage on March 25, causing failed settlement in 20,000 trades
"There needs to be some land grab. There’s only a finite number
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