Settlement risk in Asian FX markets "remains high

Research published by the Bank for International Settlements calls for more extensive use of intra-regional currencies after finding that settlement risk remains high in Asian foreign exchange markets.

The paper, written by Yosuke Tsuyuguchi and Philip Wooldridge, notes: "Almost all transactions between Asian currencies are executed through the dollar so, for those trades not cleared through CLS Bank, each leg is settled at significantly different times."

The authors point out that, although

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: