Prime broker fees "too low"

Some banks fear that current fees do not adequately recompense them for the credit risk they take on as a prime broker – and market dynamics prevent them from raising charges in the highly competitive environment.

"Competition has already put significant downward pressure on the fees charged for foreign exchange prime brokerage," said the Bank of England’s Foreign Exchange Joint Standing Committee (FX JSC), which identified the problem at a recent meeting. And this may lead to prime brokers

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: