Ricardo V. Lago Interview Corriere della Sera 19.10.2009
October 20, 2009 ricardovlago 20 other publications
The problems of too-big-to fail and moral hazard have aggravated with the bail outs and consolidation . Derivatives trading and disclosure continue to lack transparency . A relapse into recession could be fatal because of the large snowball of derivatives and the fact that governments of developed countries are now over-burdened with debt after the firs round of bail –outs . The G-20 needs to take action urgently make OTC derivatives the exception rather than the rule . Derivatives should be settled trough clearing houses and inasmuch as possible standardized and traded on stock exchanges . There should be tighter rules on derivatives and oversight should be supra-national.
The problems of too-big-to fail and moral hazard have aggravated with the bail outs and consolidation . Derivatives trading and disclosure continue to lack transparency . A re...
