# Prof. Richard Levich on forex trading in Asia

1 Faculty News March 10, 2014 ![Risk Management Magazine logo](/sites/default/files/styles/246w/public/assets/images/con_030875.jpg?itok=EiCScKEb)>

Excerpt from [Risk.net](http://www.risk.net/asia-risk/feature/2332572/cls-facing-obstacles-adding-rmb-to-its-platform) -- "'Herstatt risk is greater for Asian currencies trading against the euro or US dollar because the time difference between the two legs of the trade is greater, so it's actually more important for Asian currencies to have some sort of risk mitigation in place than for European currencies,' says [Richard Levich](http://www.stern.nyu.edu/faculty/bio/richard-levich), professor of finance and international business at New York University's Stern School of Business, and author of a forthcoming paper for the Bank for International Settlements (BIS) on forex market developments in Asia."

[Read more](http://www.risk.net/asia-risk/feature/2332572/cls-facing-obstacles-adding-rmb-to-its-platform)