Isda AGM: No room for doom and gloom

“Derivatives have truly come of age,” said Breuer in his keynote address at the AGM in Berlin. “Derivatives are well organised, well shaped and well grounded to deal with market dislocation. There is no doom and gloom for derivatives.”Breuer, who is scheduled to be replaced next month by Josef Ackermann as spokesman of Deutsche Bank’s board of directors, said the usefulness of derivatives had been demonstrated in recent market crises. “We put derivatives at the heart of our approach to meeti