Failed transactions render banks illiquid says consultancy
Failed transaction values exceed US primary dealers' regulatory capital
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
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