Isda hoping to detoxify derivatives

First day of conference pushes pro-swaps message

Stephen O'Connor, Isda

The International Swaps and Derivatives Association wants to change public perceptions of over-the-counter derivatives by highlighting the value of the products to the wider economy. That message got a lot of airtime on day one of the association's annual meeting in Munich yesterday, generating discussion among delegates, some of whom saw it as evidence of a sell-side confidence crisis, while others argued it was a long-overdue attempt to stem unfair attacks.

Speaking to reporters at a mid