Complex financial instruments increase systemic risks and jack up leverage in the financial system. The International Monetary Fund (IMF) wants regulators to be prepared to identify systemically important financial instruments (Global Financial Stability Report, p.20). Yet, even transparency is impossible as long as financial instruments are overly complex, argues Suleika Reiners of the World Future Council. […]
Saule T. Omarova and Peter Simon
Saule T. Omarova is Professor of Law at Cornell University Law School. Peter Simon is a German MEP and Vice-Chair of the Committee on Economic and Monetary Affairs.