NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Non-bank liquidity providers (NBLPs) are at an increasing risk of having their credit lines and access to foreign exchange markets cut off, as banks evaluate the value of facilitating competition in their market-making operations, panellists at the 12th annual FX Week Asia conference said in Singapore.
The importance of alternative market-makers has been growing steadily in currency markets as banks have pulled back from market share-focused price provision. This has allowed NBLPs to carve out a
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