For the base metals market, the past year has been pretty grim. Bearish sentiment, low volatility and a slew of regulation has made life tough for clients and banks alike – so much so that some of the largest players have decided to pack up and leave.
"From a purely competitive landscape, it's levelled the playing field," says Mikko Rusi, London-based global head of metals sales at BNP Paribas. But the bank's positioning has shielded it from the worst of the storm, he adds. "Our business has bee
The week on Risk.net, August 4–10Receive this by email