Jane Street claims may prompt bank scrutiny
Reputational risk policies require dealers to quiz clients that hit the headlines
Jane Street could face awkward questions from its clearing brokers and bank counterparties, after the prop trader was accused of market manipulation in India – although little may ultimately come of that scrutiny.
According to clearing and trading executives at four different institutions, bank policies usually require reviews of clients accused of wrongdoing – a guard against reputational risk –
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