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.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Thursday, November 03, 2011
One cheer for regulator!
Hip hip hooray:
Labels:
regulatory burdens,
risk
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