05.02.2009 - Results Of 2008 Global Custodian OTC derivatives prime brokerage survey
From Globalcustodian.com: Why an OTC derivatives prime brokerage survey, and why now? To say that the OTC derivatives prime brokerage business has changed in the last six months is an understatement. From the first informal "give-up" arrangements in the early 1990s to the height of the bull market two years ago, market participants paid minimal attention to counterparty credit risk in OTC derivative transactions, because they relied on the supposedly superior creditworthiness of the investment banks to intermediate it..... Full Article: Source