NewsWhore
08-20-2012, 12:01 AM
Bank Currency Risk, Peregrine Plea, Turkey Gas Probe: Compliance (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFAnekpx6R-k6Tp1esEhO2tksIn1g&url=http://www.bloomberg.com/news/2012-08-20/bank-currency-risk-peregrine-plea-turkey-gas-probe-compliance.html)
Bloomberg
The draft rules tackle so-called Herstatt risk, namely the possibility that a bank can be left facing large losses if it moves first to honor its side of a currency transaction, while its trading partner goes bust before fulfilling its obligations. The ...
and more » (http://news.google.com/news/more?ned=us&ncl=dTe3H-3BcccuLAM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFAnekpx6R-k6Tp1esEhO2tksIn1g&url=http://www.bloomberg.com/news/2012-08-20/bank-currency-risk-peregrine-plea-turkey-gas-probe-compliance.html)
Bloomberg
The draft rules tackle so-called Herstatt risk, namely the possibility that a bank can be left facing large losses if it moves first to honor its side of a currency transaction, while its trading partner goes bust before fulfilling its obligations. The ...
and more » (http://news.google.com/news/more?ned=us&ncl=dTe3H-3BcccuLAM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFAnekpx6R-k6Tp1esEhO2tksIn1g&url=http://www.bloomberg.com/news/2012-08-20/bank-currency-risk-peregrine-plea-turkey-gas-probe-compliance.html)