Banks Keep Dealing Anonymously For Funds Despite New Warnings From Bank Of England
BANKS
The growing influence of fund managers in the foreign exchange markets has raised some concerns among bank officials about the terms on which they deal with funds. The reluctance of many fund managers to reveal financial details and sometimes names of the clients for whom they are acting makes assessing credit risk a problem for banks.
The solution, for some, has been to demand margin or to refuse to deal on such a basis, but for others the lure of lucrative business and the size of many fund
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