Isda AGM: Enron report warns against a clampdown on derivatives

Despite calls from some quarters for increased government controls over the energy markets, Enron’s collapse was caused by failures of corporate governance rather than by derivatives, the report said.

“The proponents of new regulation still have not demonstrated a market failure [and] there is no convincing evidence that sufficient regulatory authority is not already in place,” said the report, Enron: Corporate Failure, Market Success.

Furthermore, there is “scant evidence of systemic effects” of