Isda chair on twin threats facing OTC market

Capital a “sword of Damocles”, says Litvack; cleaner CSAs will fix valuation woes

eric-litvak-societe-generale
Eric Litvack: Prudential reforms risk endangering capital markets

A sword, suspended over a throne by a single horse's hair: as legend has it, this is how the Greek tyrant Dionysius showed a courtier that life as a ruler was haunted by fragility and fear. Derivatives dealers know the feeling, says Eric Litvack, chairman of the International Swaps and Derivatives Association.

"Prudential reforms are a sword of Damocles hanging over the derivatives market and the capital markets in general," he says.

It's a doomy way to go into the association's thirty-first

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: