PRA’s pot shots threaten Simm’s global ubiquity

UK regulator’s push to improve model governance could tip non-cleared derivatives market into chaos

What’s so great about Coca-Cola or Campbell’s soup?

Andy Warhol, who famously put these everyday items on gallery walls, saw them as great equalisers.

“What’s great about this country is America started the tradition where the richest consumers buy essentially the same things as the poorest,” he wrote in 1975. “The President drinks Coke, Liz Taylor drinks Coke, and just think, you can drink Coke, too. A Coke is a Coke and no amount of money can get you a better Coke.”

The derivatives industry

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