By Brian Quinn, an Executive Director of the Bank of England.
Brian Quinn, an Executive Director of the Bank of England, offers a central bank assessment of the recent disturbances affecting global financial markets and of the part played in them by the growing derivatives markets. He argues that good progress is being made in capturing and confining the risks arising from derivative transactions, but that regulators and market participants have a shared interest in ensuring that there is further progress.
Derivatives - a central banker’s view