A system intended to unify collateral management systems for 20 Euro area national central banks has just gotten the green light from a key group within the European Central Bank (ECB). It is slated to go live by mid-June. The Governing Council of the ECB “has confirmed that the new Eurosystem Collateral Management System (ECMS)… Read More >>
Greek Default Could Cause Back-Office Nightmares
The specter of an impending Greek default and subsequent exit from the Eurozone that was raised over the weekend unsurprisingly has traders and politicians on the edge of their seats, but a default could mean plenty of pain for the back-office too, industry observers say. “I think it will rank somewhere between a bad dream… Read More >>
