Central Banking

CLS Bank may reduce foreign exchange risk

ARTICLE - The Economist magazine reports in its Apr 14 edition on the introduction of a new financial institution later in 2001 which is designed to reduce the risk of a crisis in foreign exchange payments.

There will be a change in October 2001 in the way the worlds main currencies are traded. Supporters claim the result will be to reduce risk and make the world safer. Pessimists believe it will merely push risk elsewhere.

Whatever the outcome, it does present a radical alternative. It will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account