More fundamental attacks on settlement risk have been through netting arrangements, both bilateral and multilateral, in which gross obligations are replaced with much smaller, netted amounts. The most ambitious scheme is that developed by the “Group of Twenty” banks, which is known as Continuous Linked Settlement.
We find that our “testand-learn” approach remains useful as we continue to deal with increasing digital innovations and more complex threats to the financial system. Final Thoughts Ladies and gentlemen, as I close, let us return to the question I posed at the beginning. Is now a good time to invest? A quick look at the current economic landscape certainly provides a compelling argument.