Has the impact of the upcoming Basel III and G-sib rules led you to consolidate the number of PB relationships at your firm?
Yes, we have reduced the number we deal with to ensure we remain attractive to our remaining PBs.
Not yet, however we may well decide to cut the number of counterparties we deal with in the future as negotiations with our PBs continue.
No, we are happy with the number of PBs we use and do not feel any pressure to cut this number down at all.
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