Asia Risk interdealer survey 2008: Dealers

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Concerns about counterparty credit risk became an acute issue for dealers in 2008, following the bailout or collapse of many leading western financial institutions. And the need for longer-dated, complex derivatives diminished, as a sharp correction in the financial markets pushed volatilities up to levels not seen for many decades. Against this backdrop, banks that demonstrated a strong track record of supporting vanilla derivatives business activities as market participants scrambled to de-