Asia Pacific: A lesson in moderation

Author: | Published: 10 Dec 2015
Your average private bank?

Underwriters in Asia are fed up with inflated orders. The practice itself – which sees investors request more securities than they actually want, knowing the bookrunner won't fill their entire order – is not isolated to Asia's primary markets. But with a relatively large proportion of the region's wealth controlled by high-net-worth individuals, the private banks that steer these empires are emerging as the prime culprits.

As one debt syndicate desk manager recently remarked: "You see it less now these days, but we still...