Sunday 30 June 2013

New laws needed for proposed Gulf Derivatives Exchange - The National

"A planned exchange for the trading of derivatives in the UAE will need new legislation to ensure adequate regulation of the industry, the head of Abu Dhabi's stock market said.

Derivatives inspire about as much fear and anxiety among financial firms and regulators as they do giddy conversations of the growth potential of an industry that is approaching a quadrillion dollars in size and growing fast.

The global financial crisis has forced years of reflection by regulators on how best to oversee the potentially combustible industry."

'via Blog this'

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