I joined Risk magazine in 1998. I'm happy to admit that if there ever was a 'golden age' of explosive growth and unbounded optimism in the derivatives business, it was already well over by then.
The headlines in Risk during my first year, just like in the mainstream financial press, were dominated by Long-Term Capital Management (LTCM), the crisis in emerging markets sparked by the Russian bond default, and the sale of Bankers Trust to Deutsche Bank for $9.8 billion.
The fate of Bankers Trust
The week on Risk.net, August 4–10Receive this by email