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Counterparty risk takes centre stage as banks brace for potential crisis

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Companies prioritize counterparty risk management amid banking crisis fears to safeguard financial stability, expanding networks and enhancing screening processes

Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has been a"wake-up call", according to an industry survey to be released on Thursday.

Multinational companies and those with sales overseas use banks, or counterparties to the transactions, to trade foreign exchange and hedge currency risk.

 

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