Counterparty risk looms large for FX buy-side
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Counterparty risk looms large for FX buy-side

The ongoing ebb and flow of the European sovereign debt crisis and its impact on the underlying stability of bank balance sheets has focussed the minds of buy-side clients when it comes to choosing their FX counterparties.

This has been reflected in EuromoneyFXNews’s e-trading survey. When respondents were asked to rank their selection criteria in choosing FX execution venues, choice of counterparty, including strength of bank relationship, scored as the topic priority, ranking significantly ahead of the reliability and stability of the platform and breadth of currencies offered....

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