Asian clients challenge collateral demands
HONG KONG - Banks in Asia are seeing a rise in the number of disputes relating to margin requirements as fears over counterparty risks spread to clients, according to a senior official at the International Swaps and Derivatives Association (Isda).
"The industry is spending much more time working on dispute resolutions as we are seeing more end users challenging the marks of the banks," said Keith Noyes, Isda's Asia-Pacific regional director, based in Hong Kong. "Some [clients] are getting
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