Risk.net

BoA's Lewis urges continued vigilance

Bank of America's (BoA) chief executive and chairman, Kenneth Lewis, has cautioned that the derivatives industry must work hard to ensure its operational capabilities are able to handle surging volumes.

"Can our ability to execute keep up with our ability to innovate and grow? The answer from the industry has not always been reassuring," said Lewis during his keynote address at the International Swaps and Derivatives Association's annual general meeting on April 18. "Earlier issues such as ce