Indian Capital Markets

Visit GalaTime

Readings: Derivatives salesmen, Commodities ban, Shipbuilding

Posted on May 12, 2008

Economic Times: How derivatives were sold and bought Banks made unsolicited offers to their clients and corporates eagerly bought these products with insufficient understanding. State-owned banks bought exotic products from foreign banks which were not appropriate for their customers. Some of the foreign banks are now moving away from selling these products to state-owned banks since the treasurers in these banks do not understand the complexity. In general I find clarity on the subject of risk reduction (i.e. hedging) and cost reduction lacking even in banks. The definition of speculation i...

Original article link


india