A key part of the world's foreign-exchange trading infrastructure is bracing itself for the possibility of a breakup of the euro zone, the latest sign investor concerns about the Continent's debt crisis are on the rise, according to the Wall St Journal..
CLS Bank International, which operates a platform in which banks settle most of their currency trades, is running "stress tests" to prepare for the possible dissolution of the euro, according to people familiar with the situation.
Some of the 63 banks that co-own CLS are making similar plans. "We always plan for contingencies," said a senior exec at one of the largest currency-dealing banks….
Read more at http://online.wsj.com/article/SB10001424052970204531404577054063759403588.html?mod=WSJ_Markets_LEFTTopStories
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