PricewaterhouseCoopers drafting a quality overhaul for prime brokers
From Telegraph.co.uk: Loss of confidence in the banks and investor pressure for transparency are driving a radical overhaul of the way brokerage houses treat risk. Prime brokers within investment banks act as custodians for hedge fund assets, such as cash and shares.
The three PwC UK mandates together represent 20pc of the $2 trillion (GBP1.22 trillion) prime brokerage market. They are part of a global push to "assurance...
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