With the derivatives market larger than ever, we need way more regulation of Wall Street, not less.
Adam McKay
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
Ben Bernanke
I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.
Blythe Masters
I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.
I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges.
In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk.
I have a quantitative background, but really, derivatives appealed to me because they require so much creativity.
The good thing about a dealer's derivatives portfolio is that it is marked to market.
Carol Loomis
When they are employed wisely, derivatives make the world simpler because they give their buyers an ability to manage and transfer risk.
The options and futures traded on exchanges are derivatives contracts.
Every regulatory speech on derivatives takes a bow to their hedging 'benefits.' Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks' troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
In the 1987 stock market crash, according to the conclusions of the official Brady report, colossal sales of stock index futures by so-called portfolio insurers - whose investment strategies depended entirely on these derivatives - greatly exacerbated the 500-point market decline.
I turn aside with a shudder of horror from this lamentable plague of functions which have no derivatives.
Charles Hermite
The same oil that gets burned as fuel is also the entire basis for the petrochemical industries, so our clothing, our plastics and our pharmaceuticals all come from oil and its derivatives.
Craig Venter
The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.
David Malpass
Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets.
Douglas Rushkoff
If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.
Emily Oster
People far too often associate derivatives markets with mere speculation, but there are very legitimate businesses that need derivatives to protect themselves against risk.
Fred Ehrsam
We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work.
Henry Paulson
Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly.
James Chanos
The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab.
Modern women are just bombarded. There's nothing but media telling us we're all supposed to be great cooks, have great style, be great in bed, be the best mothers, speak seven languages, and be able to understand derivatives. And we don't really have women we're modeling after, so we're all looking for how to do this.
They've been fairly positive, as firm as they could be in regards to the derivatives operations in Montreal. We didn't sense that there was a hesitation about it. But things change.
My first scientific paper in 1961 reported an additivity rule for substituent-induced shifts of proton NMR signals in steroid derivatives.
Do we have to regulate derivatives? Yes, we do. 'Cause when I did this in my investments, frankly, no one knew who could pay who. But derivatives have an important place in our economy.
If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books.
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets.
AIG's failure revealed systemic problems in the OTC derivatives market that went well beyond the failure of a single market participant.
The discussion of derivatives in the political world has become a zero sum game.
I didn't become interested in derivatives until 1982, 1983.
There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk.
We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners.
Derivatives are a huge, complex issue.
I guess there was a little bit of a slight rebellion, maybe a little bit of a renegade desire that made me realize at some point in my adolescence that I really liked pictures that told stories of things - genre paintings, historical paintings - the sort of derivatives we get in contemporary society.
The idea of a financial transaction tax on Wall Street trades is gaining momentum. I have a bill called - nicknamed the Robin Hood tax also. It's a bill that taxes stock trades, derivatives and bonds, and would generate in the neighborhood of $300 billion a year.
We have to rethink our whole energy approach, which is hard to do because we're so dependent on oil, not just for fuel but also plastic. If plastic vanished, there would be total chaos. We have to think quite carefully about using oil and its derivatives, because it's not going to be around forever.
Clever of me to become a critic. We critics scrutinize and show off to a higher end. For a greater good. Our manners, our tastes, our declarations are welcomed. Superior for life. Except when we're not. Except when we're dismissed or denounced as envious or petty, as derivatives and dependents by nature. Second class for life.
I am telling you, the world's first trillionaires are going to come from somebody who masters A.I. and all its derivatives and applies it in ways we never thought of.
'Bush v. Gore' gave us a president who lost the popular vote, eventually appointed two more justices, and led us into a war of choice while failing to regulate a financial system dependent on toxic mortgage-backed derivatives.
An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.
I'm such a dork, but I really think there are derivatives to be found between story arcs and character motivations. And the way you evaluate functions is a really interesting way to look at stories and the way you act. I really believe it.
A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'
In bitter almond oil, like in a great number of other substances that previously had been counted among the 'aromatic compounds' on behalf of their strong smell, a derivative of benzene is present. The special properties of benzene and its derivatives are caused by the typical arrangement of their carbon atoms.
There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined.
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.
After I finished college, I got a job on Wall Street as a derivatives trader, but after a couple years of it, I was calling in sick in order to work on my novel.
Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.
Web servers are written in C, and if they're not, they're written in Java or C++, which are C derivatives, or Python or Ruby, which are implemented in C.
