Asia congress: Collateral issues crucial post-crisis
Oh was speaking on the challenges of trading FX during a crisis of credit and liquidity based on the experiences of the fallout from Lehman Brothers' collapse last September. He discussed a broad spectrum of risks revealed during the crisis, including a virtual shutdown of the FX swaps market and the sharp rise in counterparty risk concerns.
Oh spoke of the compromises that need to be made to ensure continued trading during turbulent conditions, citing collateral management. He noted
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