Failed transactions render banks illiquid says consultancy

BPG: Failed transactions render banks illiquid

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The rate of securities transaction failures is regularly leaving US primary dealers illiquid says Basis Point Group (BPG), a capital markets research consultancy firm.

Bob Fawls, a senior partner at BPG, says failures to deliver security transactions have regularly exceeded the capital held at US primary dealers based on both sides of the Atlantic.

Referring to a group comprising some of the world's largest global banks, including Barclays, Bank of America Merrill Lynch, Royal Bank of Canada

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