Derivatives Summit: Improve processing now, OECD chief says

Despite ongoing market turmoil, the future for derivatives is bright. Or at least it will be if the industry's risk management infrastructure is tightened up, said Hans Blommestein, head of the capital markets programme at the Organisation for Economic Co-operation and Development (OECD), at Risk magazine's annual Derivatives Summit in London on June 24.Derivatives are often cited as the cause of many of the recent problems in the credit markets. In recent years, derivative instruments have