In the immediate aftermath of Lehman Brothers' collapse, when Merrill Lynch was bought by Bank of America and the world speculated how Goldman Sachs and Morgan Stanley might be next to fall, business loyalties became suddenly hard to come by in the prime broking business - the desperate instinct to survive took over.
Hedge funds facing redemptions and investor demands to cut counterparty credit risk exposures to the two perennial prime brokerage firms - with tales of rehypothecation risk still r
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quantile, TriOptima face off in cleared swaps compression battle
- Quants stymied by lack of alternative risk premia flows data