Are Derivatives Financial Weapons of Mass Destruction?
August 6th, 2008 by Patrick MaesIntroduction
In this Blog we will be discussing complex Derivatives structures (exotics), their usage, recent fall-out and potential solutions.
Having been Head of Derivatives Technology at Bankers Trust, I will start in the first blog with a lesson from the past: the famous Bankers Trust versus Procter & Gamble case. This happened in 1993 and illustrates [...]