February - Heavyweights tackle anonymity risks

Fears over money laundering in the post-September 11 environment and heightened credit risk drove interest in solving unnamed counterparty trading, which occurs when an investment adviser (IA) engages a dealer to trade on behalf of a client whose identity is withheld.

"If I am dealing with an IA and the client they are acting for is not known to me, that has serious implications. Although my contact is with the IA, my risk is with the unnamed counterparty," explained one FX manager at a US

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