Prime brokerage
Cutting counterparty risk has a price tag that might prevent smaller funds from changing their ways, experts fear
Prime brokers have focused on bolstering asset security for clients after billions of dollars of client assets were caught up in the administration of Lehman Brothers International (Europe) (LBIE).
Deutsche Bank has appointed Joe Cassidy to the newly-created position of head of prime brokerage and derivatives clearing for global rates. Based in London, Cassidy will report to Fredrik Gentzel, head...
This handy guide reviews the various steps banks are taking to improve their risk management techniques, looking at the benefits and pitfalls of each one.
More Prime brokerage articles
Firm proposals for regulating South African hedge funds are due by mid-2010. But some managers question the need for more regulation.
Lawyers specialising in insolvency, restructuring and derivatives have just experienced arguably one of their busiest 16 months. In filing for Chapter 11 bankruptcy protection on September 15, 2008, Lehman Brothers became the largest-ever corporate insolvency...
Foreign exchange prime brokers (FXPBs) are facing closer margin scrutiny as their clients continue to be wary of counterparty credit risk, according to panellists at the FX Week Europe conference in London last week (November 17). Mark McDonnell, SEB's...
Rehypothecation of client assets was one of the “dominant drivers of contagion” during the financial crisis, amplifying the market turmoil in the wake of the Lehman Brothers collapse, the Senior Supervisors’ Group (SSG) has concluded. The body,...
The on-going trauma in the markets has already caused a major shake-up of the financial services industry. Bear Stearns, Lehman Brothers and Merrill Lynch are no longer independent securities dealers. Meanwhile, major financial institutions such as AIG...
The collapse of Lehman Brothers swallowed $40 billion in hedge fund collateral, with rehypothecated assets appearing to be all but irrecoverable. What are the prospects for those hedge funds with assets trapped within the defunct dealer? Peter Madigan...
The near-collapse of stricken US securities firm Bear Stearns has raised questions about the strength of prime brokerages and highlighted the importance of using more than one prime broker. The dealer revealed a significant deterioration in its liquidity...
Technology can provide a competitive advantage in banking. How it is applied by Tier 1 and Tier 2 institutions, to the benefit for their risk management systems, is discussed.
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