Category: Derivatives

The biggest scandal of them all

5 July, 2012 (10:45) | Banks, Barclays, Capital markets, Corruption, Derivatives, Global news, Indices, Interest Rates, LIBOR |

By:David A. Smith   As if global bankers needed to do anything more to blacken their collective names, there is now metastasizing from London a scandal so far-reaching, so appalling that I will be surprised if it does not bring down one of the world’s oldest banks, Barclay’s (whose CEO, Bob Diamond, has already resigned […]

Standing in defense of principle

21 March, 2012 (10:00) | Capital markets, CDCs, Derivatives, Global news, Greece, Law, Securitization, Workouts |

By:David A. Smith   How many legs does a dog have if you call the tail a leg?   Uh – what was the question again?   Too seldom is something done just because it is the right thing to do, and because principle demands it.  When it happens, as it did two weeks ago, […]