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‘Best-in-breed’ designed to cover own liabilities, says Swiss-Asia

Private banks are carrying out unprecedented amounts of due diligence before introducing products to their clients as they shift away from the supermarket mentality of their previous brokerage-oriented business models. But what was designed to improve risk management for clients is increasingly seen as benefiting the bank instead and compromising the definition of “best-in-breed”. “Since the global financial crisis, banks…

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