Herstatt risk: Difference between revisions
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* A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[http://tiny.cc/8ct73x]. ‘Trust is good, control is | * A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[http://tiny.cc/8ct73x]. | ||
''‘Trust is good, control is better': The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform, Emmanuel Mourlon-Druol, | |||
''Business History, Vol. 57, Iss. 2, 2015, ISSN 0007-6791 (Print), 1743-7938 (Online).'''' | |||
[[Category:Financial_risk_management]] | [[Category:Financial_risk_management]] | ||
Revision as of 15:45, 2 May 2018
Continuous linked settlement
Foreign exchange settlement risk caused by delays arising from time-zone differences.
Named after Herstatt Bank, which went into compulsory liquidation in 1974, having received funds but not paid out under a number of significant intra-day cross-border transactions.
See also
Other links
- A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[1].
‘Trust is good, control is better': The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform, Emmanuel Mourlon-Druol,
Business History, Vol. 57, Iss. 2, 2015, ISSN 0007-6791 (Print), 1743-7938 (Online).''
