The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Better late than never

The International Swaps and Derivatives Association held a gala dinner in London in May to celebrate its 20th anniversary.

Highlight of the evening was meant to be a documentary about the achievements of Isda in helping to foster the growth of a global derivatives market.

But the show was stolen by the association's CEO, Bob Pickel. It's not everyone's idea of a fun night out to share a room with 500 quants, which Pickel seemed to grasp in his opening remarks.

"Normally people tell you to switch off your mobile phones and blackberries," he told the audience surrounding the dinosaurs at the Natural History Museum.

"Well, tonight, don't. Leave them on. You'll soon run out of things to say to the person sat next to you."

Such an evening could not pass without a mention of some of the low-points of the association's two decades.

So Pickel thanked many of the 'sponsors' of the event, such as Hammersmith and Fulham Council, Orange County, Gibson's Greetings and Procter and Gamble, without whose help none of the guests would have been in attendance.

After reminiscences from all the previous chairmen – which included the tale of an Isda delegation's visit to 10 Downing Street that was curtailed by an IRA bomb attack – the evening was inevitably running rather late.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree