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News Link • Central Banks/Banking

Debacles of Amaranth & MF Global Both Involved Breaking Core Principles

•, By Mark Melin

Till, a former derivatives trader in Boston, Chicago and London for Harvard Management Company and Putnam Investments among others is currently a research associate for the EDHEC Risk Institute (2006 to 2017) and contributing editor of the Global Commodities Applied Research Digest published by the J.P. Morgan Center for Commodities at the University of Colorado Denver Business School. Heckinger worked at the Federal Reserve Bank of Chicago and is currently a member of the Working Group on Financial Markets and Contributing Editor of the Central Banking Journal. The Chicago Fed is a group that took a keen interest in ensuring the wrongs of MF Global are not repeated. In the wake of MF Global, the Chicago Fed offered to hold brokerage firm assets, ensuring that counterparty risk in customer segregation laws would not be violated again, is but one example.

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