Ready, set ... and wait
The introduction of continuous-linked settlement has been postponed for the second time. But some industry players are saying this is for the best – many participating banks fear they had not fully realised the operational and liquidity risks the new system could bring.
To begin with, software problems associated with internet links have forced New York-based CLS Bank – the organisation implementing the programme – to postpone its introduction until at least the second quarter of 2002.
This is the second major delay to CLS. The very first ‘go
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