Risk USA: Buy-side expresses counterparty unease

“Counterparty risk is definitely something to pay attention to,” remarked Yury Dubrovsky, chief risk officer (CRO) at Lazard Asset Management, speaking about the challenges facing buy-side CROs, during a panel discussion on October 29.

Before the recent market crisis, counterparty worries were concentrated at sell-side institutions. But the spectacular demise of Lehman Brothers has turned counterparty risk into a leading issue for those on the buy-side, with many firms attempting to trim dow

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