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Managing settlement risks: CCIL's role The importance of managing settlement risk among banks was brought home dramatically when, back in 1974, Bankhaus Herstatt, a small bank in Cologne, failed, say M. R. Ramesh and R. Ranjan. Capital account convertibility and banks AS RECENT newspaper articles and headlines indicate the subject of capital account convertibility/full convertibility of the rupee excites everyone's imagination. The few observations are however, in order. The fact that is the march to ... Other Stories
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