Sibos TV: The challenges associated with expanding PvP settlement

Video
Video
10 min watch
Date
14 October 2022
Author
Marc Bayle de Jessé
Chief Executive Officer
Publication
SibosTV

CEO, Marc Bayle de Jessé, speaks to Sibos TV about the public policy focus on mitigating FX settlement risk through the greater adoption of PvP settlement.

Both the updated best practice code for the FX industry – the FX Global Code – and the Financial Stability Board are advocating greater PvP settlement to enhance cross-border payments and further mitigate systemic risk.

In response CLS has been actively engaged with the FX industry to develop alternative PvP mechanisms. These efforts have received strong support. However, progress will only be made by overcoming regulatory and geopolitical challenges, which currently present the biggest obstacles to expanding PvP coverage. So what can be done in the more immediate term?

Watch CEO, Marc Bayle de Jessé, speaking to Sibos TV about the challenges associated with expanding PvP settlement.

“We believe CLSNet can deliver more immediate benefits in terms of mitigating risk, optimizing liquidity and creating operational efficiencies for market participants.”

Marc Bayle de Jessé
Chief Executive Officer
CLS

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