With the collapse of Barings, the expulsion of Daiwa Bank from the United States, the bankruptcy of Orange County, California, and growing Long-Term Capital Management issues, derivatives are increasingly intruding upon the public consciousness. Key issues are whether derivatives are sufficiently understood and how they can be effectively regulated. These are acute problems because, as recent statistics show, derivatives--with a turnover of more than USD 2 trillion a day--constitute the world's biggest business activity. For lawyers, regulators and compliance officers operating in the...
With the collapse of Barings, the expulsion of Daiwa Bank from the United States, the bankruptcy of Orange County, California, and growing Long-Term C...
