In an effort to please their bankers, US corporate treasurers have increasingly been using a mechanism called a risk participation agreement (RPA) as a way to divvy up swaps business to more parties, writes Ross Lancaster.
The use of RPAs has been increasing all year, say US corporate risk solutions bankers. Some have been left out of the game so far and are rushing to sort out their internal compliance. But with banks eager for any revenue they can get, the market is already
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