Settlement risk top priority for banks
LONDON – Settlement risk is the biggest concern among banks when supplying electronic pricing, reveals an annual survey on the foreign exchange market by client strategy firm ClientKnowledge.
Of the 394 banks that were surveyed, 69% said settlement risk was a key concern, up from 52% in the previous year’s survey.
Concerns about latency were also up to 29% from 16% the previous year. Back-office and settlement limitations emerged as the biggest concern for banks, increasing to 47%, up from the
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