2024-03-15 | Current Affairs
European Fund Group: U.S. Settlement Reform Raises ‘Systemic’ Risk
Today’s News European asset managers are sounding the alarm about impending changes to trade settlement times on Wall Street, cautioning of potential systemic risks to currency markets. The European Fund and Asset Management Association (Efama) has highlighted that nearly 40% of daily foreign exchange transactions could face exclusion from the primary platform for reconciling currency […]