Michael Greenberger is a professor at the University of Maryland School of Law, where he teaches a course entitled "Futures, Options and Derivatives." In 1997, Professor Greenberger left private practice after more than 20 years to become the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission. He currently serves as the Technical Advisor to the United Nations Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System. He has also been named to the International Energy Forum's Independent Expert Group.
The whole derivatives market needs to be on exchanges, so that it can be regulated. It will mean a huge drop in business but it will also clear up the balance sheets of banks. Then at least the tax payer will not be supporting unfunded bets by banks.
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The whole derivatives market needs to be on exchanges, so that it can be regulated. It will mean a huge drop in business but it will also clear up the balance sheets of banks. Then at least the tax payer will not be supporting unfunded bets by banks.
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