Monthly Archives: July 2011

A Derivatives Nerd & Proud: Some Thoughts About ISDA’s 2011 Equity Derivatives Definitions

I spent two days last week in the audience at various ISDA seminars where the 2011 Equity Derivatives Definitions were introduced. If you think that’s actually fun (as I do), I think it’s fair to say that makes you a … Continue reading

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The Debacle that is the Dodd-Frank Act

The Wall Street Journal reporting on today’s (July 21, 2011) Senate Banking Committee hearing quotes Senator Richard Shelby of Alabama uttering what I think is probably the best of the best of all Dodd-Frank rhetoric to date, “‘The only thing … Continue reading

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Regulators on the run and the truth shall set you free…

In typical regulator/trade association fashion a gentleman from a large European trade association contacted my employer today in an effort to bring down this blog.  Even though this blog makes perfectly clear that all posts are in my individual capacity … Continue reading

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The Sun Will Rise in the East on July 16, 2011: what Dodd-Frank, the Sopranos and Y2K have in common . . . .

Die-hard fans of The Sopranos will well remember the episode where Paulie and Christopher chase the Russian mobster into the woods.  Paulie manages to put a bullet into him (in his head no less), but then the Russian mobster runs … Continue reading

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Are volatility swaps the next subprime CDOs? I doubt it, but this guy thinks it’s possible…

Pablo Triana, A volatile state for all of us, Financial Times, July 3, 2011 It seems to me that comparing the potential fallout from volatility swaps to the horror hit parade of subprime CDOs is like comparing the Grand Canyon to a … Continue reading

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Derivatives did not cause Europe’s woes and European politicians should step up and take responsibility for their own failings rather than blaming derivatives and the rating agencies

It drives me absolutely nuts (and I’m talking Vincent van Gogh, cut off your ear and pop it in the mail crazy or Claudius drinking water from lead pipes crazy) when uninformed commentators and government officials (who know or should … Continue reading

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Sovereign CDS are dead! Long live sovereign CDS!

You have to love the media’s penchant and talent for creating stories out of nothing.  It has become something of an art form to weave kernels of truth, tendrils of fear and threads of doubt into infinitely varied tapestries of … Continue reading

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