Every time a scandal hits the international financial markets, politicians and the press scream for tighter regulation.
This happened most vociferously with the spate of derivatives losses in 1994, culminating in the case brought by Procter and Gamble against Bankers Trust. For a time, it looked as though, in the US at least, laws would be introduced to clamp down on the use of derivatives.
That threat passed. Indeed, the derivatives market has proved that it works very efficiently, given all the risks inherent in it.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
