Post Tagged with: "Derivatives"

Two simple steps to transform the culture of banking and to forestall the next outrage

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┬áto make bank directors strictly liable without limit and to treat as capital both directors’ personal bonds and, for five years, the bonus pool. Introduce […]

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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 […]

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How to destroy the British banking system

Over at┬áThe 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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