Derivatives both a help and a danger, says BoE deputy governor

While derivatives can help banks to weather financial crises by transferring away risks, they can also lead to unpredictable and dangerous concentrations of risk elsewhere, Large said in a speech at the London School of Economics yesterday.

He said the world was sometimes portrayed as being split into two camps. “The bullish view is led by governor [Alan] Greenspan [of the US Federal Reserve]," said Large, and the bearish camp is led by Warren Buffet - the billionaire investor who has branded

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

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