When the Financial institution for Worldwide Settlements (BIS) revealed its first findings on overseas trade settlement danger in 2019, it raised alarm bells all through the business.
Since then, international regulators and central banks, such because the European Central Financial institution (ECB), have tried to evaluate what market contributors can do to mitigate the obvious decline in utilizing payment-versus-payment (PvP) settlement programs. However as the info assortment was very broad, it wasn’t clear precisely how large an issue it was and
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