The Head of CLS Asia Visited IMI
2016-11-28 IMI
Racheal Hoey talked about CLS’s great interest in and its research results on RMB internationalization and the price formation mechanism and the quotation mechanism of offshore and onshore RMB. She thought that China’s monetary authorities adopted an open attitude towards digital currency and pointed out that CLS was working on the development, use, and other related issues of digital currency. IMI conducted cutting-edge, systematic researches on market laws of the price formation mechanism of offshore and onshore RMB and emerging fields like digital currency and crypto currency. She said she would like to cooperate with IMI more deeply.
IMI senior researcher Su Zhi, researcher Qu Shuangshi and deputy director of international cooperation Cui Tiantian joined the discussion.
CLS is the world's largest multicurrency cash settlement service provider and is committed to mitigating foreign exchange settlement risk for its global settlement members and clients. CLS provides foreign exchange settlement services in 18 currencies for more than 60 settlement members and many third-party clients. Its settlement members are comprised of the world’s largest financial institutions and its third-party clients include banks, fund companies, non-bank financial institutions, and transnational corporations. CLS aims to enhance financial stability by providing risk mitigation and operational services to the global foreign exchange market.
