PBs seek remedy for credit addiction in FX

- By Alessandro Aimone
- @aimoneale
- 27 Oct 2020

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Prime brokers in the foreign exchange markets are looking for new ways to control credit risk, after a $180 million loss at Citi in 2018 attracted the attention of regulators.

A working group has been quietly exploring remedies over the past year, FX Markets can reveal, with the granting of too-generous credit limits seen as the industry’s most pressing problem. One option under discussion is the creation of a centralised limit-checking hub.

“What we wanted to do is prioritise the biggest

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