Worries rise over senior exits
Diminished bank risk appetite to blame for subdued market
Market participants are increasingly worried that the ability of dealers to take on FX risk is being damaged by the raft of senior departures from the industry, which is contributing to a lack of volatility in currency markets and encouraging clients to turn to non-bank liquidity providers.
Volatility in FX markets has been hovering near historic lows in recent months, during the same period that most global banks have seen a radical reshuffle of their senior FX staff in the wake of the
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