Op-Eds
A Third Strike Against US Businesses
By responding hastily and irrationally to the recent upsurge in corporate indebtedness, congressional tax-writing committees might well create a major economic distortion in an already-biased…
Op-Eds
The Uses and Abuses of Finite Risk Reinsurance
Finite risk has become what derivatives were ten years ago—a hot button for controversy and the likely subject of investigations, litigation, and (heaven forbid)…
Op-Eds
FT Summer School – A Risky Weapon in the Corporate Armoury-
“Derivatives have become associated with recklessness following several high-profile bankruptcies, but they can be an effective way of managing risk,” says Christopher Culp.In…
Products
Derivatives Regulation: Problems and Prospects
Derivatives regulation in the United States is a jumble of legal fields, including banking, securities, commodities, and bankruptcy law. And any time multiple areas…
Products
Are the CFTC’s Days Numbered?
In the final movement of Gustav Mahler's Sixth Symphony, his hero is hit by what the Viennese composer calls "three hammer-blows of fate" that ultimately…
Study
A Primer on Derivatives
Full Version Available in PDF Although criticized often and considered unfathomably complex, "derivatives" are relatively straightforward financial contracts that are not inherently…