So making sure MF Global had capital to meet likely collateral calls was a good idea. Forcing MF Global to disclose its positions was also a good idea, since it is very obvious that the market regarded them as important.
What Finra did here, it seems, is create transparency and enable the market to render a judgment on the financial viability of MF Global.
Thursday, November 03, 2011
One cheer for regulator!
Hip hip hooray: