I am also optimistic that banks will exploit the potential of bancassurance to exploit synergies with insurance to design products for the riskier borrowers. Indeed, I am anxious to learn from the speakers about UBA’s plans to de-risk financing and investment in agriculture.
Prime brokers must ensure that they have adequate information and controls to protect against counterparty credit risk arising both from the client and from the executing dealer. They also must implement internal controls to monitor and track transactions executed as part of the prime brokerage agreement and to ensure that the transactions meet the terms of the agreement.