Source: Microsoft

Date: February 2009

Type: Research/Analyst Report

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Overview: In the midst of the current market turmoil, there are initial signs that institutions will need to adapt to the following trends: transparency, risk management and diffusion. Transparency will come in the form of additional reporting requirements. Improvement to risk management will lead to a better understanding of market risk and operational controls; a popular mantra will be updated to read: “Know your client, know your counterparty better.” Despite the wave of consolidation and contraction occurring in the financial sector as firms collapse or merge in order to survive, there is an undercurrent of diffusion as firms seek to mitigate their reliance on counterparties by spreading their business across more companies. The market’s collective need to prevent firms from becoming “too big to fail” will encourage firms to “load balance” their spending and partnerships against a wider array of entities.

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