Regulators could stifle retail derivatives development, warns speaker
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Donald Brydon, chairman of AXA Investment Management and chairman of the practitioners' panel of the UK Financial Services Authority (FSA), in noting the development of guaranteed savings products, said: “We all need to be on guard lest regulations should stifle initiatives in the retail application of derivatives.”
Brydon also highlighted the importance of risk mitigation instruments in unstable markets, and said the benefits of derivatives “far exceeds” their costs.
Brydon also noted the “
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