Perspectives on 2014: David Puth, CLS
CLS has faced some tough challenges since the concept of a central settlement risk mitigation utility for the foreign exchange industry was first conceived several decades ago. But this year will arguably see the spotlight shine more directly on CLS than at any time in the past, as it is required to take a leadership position in some of the structural changes in the industry, while also growing its footprint.
Having very effectively concentrated its efforts on the reduction of settlement risk in
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