It’s time to privatise commercial risk in banking and insist on prudent accounts. Government should: Eliminate moral hazard from the financial system by implementing this measure to make bank directors strictly liable without limit and to treat as capital both directors’ personal bonds and, for five years, the bonus pool. Introduce […]
Read MorePost Tagged with: "Derivatives"
The Financial Services (Regulation of Derivatives) Bill
Steve Baker (Wycombe) (Con): I beg to move, That leave be given to bring in a Bill to require certain financial institutions to prepare parallel accounts on the basis of the lower of historic cost and mark to market for their exposure to derivatives; and for connected purposes. I rise […]
Read MoreConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the light
Last year, I learned how derivatives can be used by banks to manufacture the illusion of profit. Tomorrow, I am introducing a ten-minute rule bill which would bring this casino banking into the light. Read more via ConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the […]
Read MoreHow to destroy the British banking system
Over at The Cobden Centre, my friend and colleague, financial engineer Gordon Kerr, explains how to destroy the British banking system through the use of derivatives which take advantage of the regulatory system, then sets out four measures to solve the problem: Nine years ago I worked as a structuring engineer […]
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