Pre-operational netting now a necessity
At last week's FX Week Europe conference in London, Coyne said several banks were struggling to handle ticketing volumes during days of peak trading in August.
"The crisis highlighted the fact that most banks' legacy processes have remained unchanged for many years," he said. "Many operating systems are working at capacity, presenting systematic risk."
Some banks believe that expanding operational capacity will solve the overload created by processing ticket volumes. "But tight cost-to-profit
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