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Bankers support a global tax on banking? Next you’ll be saying turkeys are voting for Christmas. But that was the headline on Davos – and no wonder.
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As China prepares for the launch of equity index futures, the authorities are taking a careful approach to reform, argues Dean Owen, chief China representative at futures broker Newedge.
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Intense work is going on towards a new edition of the ISDA standard definitions for OTC equity derivatives. Sapient's Nick Fry and Ed Osbaldestin urge the market to do better than the last time.
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As rival bills to clean up over the counter derivatives worm their way through Congress, the debate has become clogged by vague claims. Philip McBride Johnson cuts through the blather to get to the reality.