Derivatives Usage and the Buy Side: Asia-Pacific Perspectives

This paper discusses the uses and benefits of derivatives for buy-side firms – a category that includes investment managers, pension funds, insurers, hedge funds and non-dealer banks – and discusses some of the regulatory barriers and other constraints these firms face in using derivatives in the rapidly growing economies of Asia Pacific, noting the adverse consequences of these restrictions on the region’s capital markets and economic development.

Click on the attached PDF to read the paper. A Japanese version is also available.

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...