Login Language Contact About us Products Communities News & Insights People Unsettling: the increase of foreign exchange without settlement risk mitigation Home News & Insights Unsettling: the increase of foreign exchange without settlement risk mitigation FX settlement risk is on the rise The Bank for International Settlements’ Quarterly Review (December 2019) suggests that FX settlement risk is on the rise. Further, and of note, FX settlement risk is growing in currencies not eligible for settlement in CLS. We believe now is the time to address and reverse the build-up of FX settlement risk. Without immediate action, FX settlement risk will continue to accumulate and, in parallel, so will the risk to the global financial system. The regulatory community and industry must join forces to reverse the expansion of FX settlement risk before it can inflict damage to markets and the economy more broadly. Marc Bayle de Jessé shares his insights on the rise of settlement risk and what CLS, and the wider industry, can do together to address this growing risk in e-Forex's FX Settlement Risk supplement. Read the eForex supplement on FX settlement risk here. Marc Bayle de Jessé shared his insights on the rise of settlement risk and what the industry can do together to address this growing risk at this year's central Bank Payments conference. Watch the Keynote speech below >> Contact us to find out more Country Afghanistan Andorra Argentina Australia Austria Azerbaijian Bahrain Belgium Bermuda Brazil British Overseas Territory Bulgaria Canada Cayman Islands Chile China Colombia Costa Rica Croatia Cyprus Czech Republic Denmark Dominican Republic Estonia Ethiopia Eygpt Finland France Germany Ghana Gibraltar Greece Guatemala Honduras Hong Kong Hungary Iceland India Indonesia Ireland Israel Italy Japan Kenya Korea Latvia Lesotho Liechtenstein Lithuania Luxembourg Macedonia Malaysia Malta Mexico Netherlands New Zealand Norway Pakistan Panama Peru Philippines Poland Portugal Russia Saudi Arabia Scotland Singapore Slovakia South Africa South Korea Spain Sri Lanka St. Kitts Sweden Switzerland Taiwan Thailand The Bahamas Trinidad & Tobago Turkey Turkey UAE UK Uruguay USA Venezuela Vietnam By submitting this form, I acknowledge that I have read and understood the CLS Privacy Statement. Submit News & Insights News Insights Events Publications FX Trade Volume reports Central Banks Payments Conference speech - 15 October 2020 Download The increase of foreign exchange without settlement risk mitigation Download ABOUT Shareholders Board of directors Executive management committee Corporate governance Regulatory affairs Financial reports Our history Modern Slavery Act Statement PRODUCTS Settlement Processing Data COMMUNITIES Settlement community Vendor community Regulators NEWS & INSIGHTS News Data insights Insights Events Publications FX Trade Volume reports CAREERS People Sitemap Terms Cookies Accessibility Privacy Awards © Copyright CLS 2021 By using this site you agree to these cookies being set. To find out more see our cookies policy