Last year was an odd one for the prime brokerage market. It started with Wall Street avoiding small hedge funds like the plague, and ended with a number of the largest prime brokers returning to the market in earnest.
It was late 2008 when former Bank of America chief executive Kenneth Lewis compared the dangers of prime broking to that of someone crossing a busy road to pick up a small coin - high risk, low reward. The titans of Wall Street - the well-established prime brokers - were content to
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails