Del Missier: reforms won't end big derivatives profits
With politicians and regulators breathing down dealers' necks, some observers believe the banner year enjoyed by derivatives businesses in 2009 will prove to be a last hurrah. Jerry del Missier, the London-based co-chief executive of Barclays Capital and the corporate banking business of Barclays Group, doesn't agree.
Speaking to Risk yesterday after Barclays Capital announced 2009 profits that leapt 89% to £2,464 million, del Missier dismissed the idea that regulatory constraints would prevent
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