Bank of England Scrutinizes Prime Brokerage Practices at Major Banks

The Bank of England (BoE) is intensifying its scrutiny of certain prime brokerage practices at some of the largest banking institutions in the UK. This move comes amid rising concerns about the transparency and risk management associated with these financial services, which are crucial for investment firms and hedge funds. Prime brokers are essential partners for these firms, providing a range of services, including trade execution, clearing, and custody.

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