The foreign exchange industry has faced a range of challenges since the onset of the financial market crisis. Banks have had to adapt to a tighter credit environment while meeting demand for liquidity and managing clients' exposure to declining mark-to-market valuations. We talk to Clifford Cheah, Deutsche Bank's head of global finance and foreign exchange in Asia, about the new world order of foreign exchange.
What have been the greatest challenges for FX providers since the onset of the credit crisis and how has this changed the way you do business
Of particular difficulty for all banks has been balancing clients' need for liquidity against a backdrop...