Eva Smagacz

Two Book Reviews on Derivatives: George Soros and Satyajit Das

I understand Soros' arguments for better use of the regulatory mechanisms to prevent market excesses as per Satyait Das. However, it is likely that the globalisation genie is out of the lamp for good and the banking, just like the other multinationals will simply diversify into other ways of making money by moving into countries with lesser regulatory regimes. I quite liked the idea that the new products cannot be issued unless and until the regulatory bodies understand them. Sort of FSA for banking.