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What does the future hold?

The past 20 years have without doubt been the most innovative period in the history of the financial markets. But what's around the corner for the industry? Gareth Gore talks to risk managers about their preparations

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The world had changed when money-market traders woke up on the first Monday in October 1979. Over the weekend, the US Federal Reserve had unexpectedly authorised a complete change in US monetary policy. With inflation soaring into double figures and the economy overheating, the Fed announced it would both rein in money supply and crank up interest rates.

Dan Borge, a former aircraft designer at

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