Straight-Through Processing Levels Facing Budget Barrier
London - Firms still have to do more to raise straight-through processing levels (STP) to be able to more effectively manage counterparty risk, according to speakers at the Xtrakter user conference held in London in May.
The financial crisis and subsequent lack of preparation firms have had to reveal the exposure to financial entities have forced the industry to focus on counterparty risk. But there is a long way to go - especially around STP levels and tightening budgets.
In fact, in an informal
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