September - The forex credit crunch

The growing importance of credit ratings in FX bank-to-customer relationships became clear in September, after a rash of major banks’ downgrades.

"If you’re not an A-rated institution, then a lot of counterpart business is closed to you," said one FX sales head at a US bank in London.

Risk concentration

The concentration of risk as a result of banking consolidation had aggravated the situation. And as it crystallised towards the end of the year, one market participant summed up the growing

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: