Small but mighty


The Nordic region – which encompasses Norway, Sweden, Finland, Iceland and Denmark – is a rather amazing anomaly from a risk management perspective. The region is home to just 24 million people and covers an area the size of Texas plus California – much of it in or near the Arctic Circle. For comparison, the state of California by itself has nearly 35 million people. In so small and thinly populated a region, it would be easy to assume risk management practices and derivatives markets are

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