A sword, suspended over a throne by a single horse's hair: as legend has it, this is how the Greek tyrant Dionysius showed a courtier that life as a ruler was haunted by fragility and fear. Derivatives dealers know the feeling, says Eric Litvack, chairman of the International Swaps and Derivatives Association.
"Prudential reforms are a sword of Damocles hanging over the derivatives market and the capital markets in general," he says.
It's a doomy way to go into the association's thirty-first ann
The week on Risk.net, March 10-16 2018Receive this by email