Derivatives are still out of control

Despite ongoing efforts to step up regulation in the post-crisis global financial market, derivatives-hungry Wall Street is leveraged to the hilt and the problem of ‘too big to fail’ remains unresolved.

The Reserve Bank governor Glenn Stevens has called out in a speech yesterday that efforts to control financial derivatives trading following the 2008 credit crisis have fallen behind.

It was, in fact, a typical piece of central banker understatement: nothing much is happening on that front at all.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles