Markets

Satyajit Das queries the clearing model

Regulators have found a new way of killing the derivatives market, so says author of 'Extreme Money: The Masters of the Universe and the Cult of Risk', Satyajit Das. He explains to Jeremy Grant, FT Trading Room editor, that the goal to deal with counterparty risk between derivatives traders and also system risk is a good one, but unfortunately the execution plan is 'awful'.