A key option in Greek debt negotiations, soveriegn debt forgiveness, is apparently off the table as non-transparent Greek derivatives take priority over a compromise The most unreported story in the Greek negotiation is the unknown impact of the derivatives contracts that underlie the economic system. What banks have exposure? Who is the primary U.S. regulator dealing with the banks that have Greek derivatives exposure? How inner connected is that exposure and what are the trigger points that could ignite another issue similar to the 2008 derivatives crash? In a Wall Street Unfiltered podcast released today, U.N. sovereign debt expert and…
U.N. Holds Behind The Scenes Greek Derivatives Talks As Transparency Questions Raised
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.