Derivatives both a help and a danger, says BoE deputy governor
Derivatives are both a help and a danger to global financial stability, according to the deputy governor of the Bank of England, Andrew Large.
He said the world was sometimes portrayed as being split into two camps. “The bullish view is led by governor [Alan] Greenspan [of the US Federal Reserve]," said Large, and the bearish camp is led by Warren Buffet - the billionaire investor who has branded
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