Group Of Thirty Sets Strategy For Cutting Settlement Risk
THIS WEEK'S LEAD STORIES
If the securities market is to see true globalization, it must first put its settlement and clearing house in order, and do it soon. That's the recommendation of the Group of Thirty, which last week published a report calling for worldwide standardization of settlement processes by 1992.
Conceding that settlement isn't as glamorous or eye-catching as many other aspects of global trading, the group of international banks and securities firms aims to bring the issue to the forefront.
The report --
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