Process or die, says Isda chairman Moulds

“We need to apply the same spirit of innovation to how we trade and how we process those trades as we have done and continue to do in developing new risk management tools and techniques,” Moulds told delegates attending the annual general meeting of the trade association in Barcelona.

He said regulators are not wrong to ask questions and raise issues related to the backlog of confirmations at leading investment banks. “We should not be surprised at this – in many respects it is a reflection of how important many parts of our industry have become,” said Moulds, who is also head of international debt and equity at Bank of America.

He said Isda´s takeover of the Financial products Mark-up Language initiative would reap significant industry-wide benefits. “To a large extent, the future of our business is about our future use of technology,” Moulds added.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a 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