Market risk brings client relationships to the fore
"Given the changes in the market and credit between counterparties, particularly after the Lehman Brothers collapse, we saw banks still very willing to provide prices to their best clients," said Mark Warms, general manager, EMEA, at FXall. "And clients knew that, when they needed a price, they could go to banks they'd had a long-standing relationship with."
Stephane Malrait, global head of electronic commerce at Société Générale, admitted that, due to heightened credit risk, dealers have been
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