MillTechFX recently surveyed 250 institutional investors in the UK about various FX topics. Among other findings, the study uncovered most asset managers, particularly in the private space, are concerned about diversifying their FX counterparty lines and are taking steps to mitigate it. Our CEO, Eric Huttman, talks about this issue in the article I am sharing, published last week by Reuters. Some takeaways are: - The recent collapse of regional US lenders and the Swiss government-orchestrated rescue of Credit Suisse by UBS have prompted increased scrutiny of banks and the strengthening of cash management guidelines. - Adding more banks to diversify the exposure, specifying deposit limits at each bank, and increasing the frequency of counterparty reviews appear to be the mainstream solutions adopted.
