Former MF Global CRO Stockman a 'yes man', Congress charges

Michael Stockman
Former MF Global CRO Michael Stockman

The former chief risk officer (CRO) of MF Global has denied being a 'yes man', hired to replace a predecessor who was dismissed after expressing grave reservations about the liquidity risks posed by sovereign bond repo-to-maturity (RTM) trades.

The charge was made yesterday at a meeting of the House Committee on Financial Services oversight and investigations subcommittee, which is looking into the collapse of MF Global.

Committee members questioned both Stockman and his predecessor, Michael

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: