Wednesday, June 11, 2008 at 10.45

The Role of Derivatives W10.45M

KING VAULT The current turbulence in financial markets has in part been blamed on firms over-leveraging themselves through the use of derivatives. This panel examines the truth about leverage and whether derivatives are behind market turbulence or in fact can lead to better risk managed financial markets. Chair: Bill Russell, Director, Future Options Speakers: Peter Hahn, FME Fellow, Faculty of Finance, Cass Business School Jeffrey Hogan, Managing Director of Business Development, BGC Partners Garry Jones, Executive Director, Derivatives Business Development and Strategy, Liffe, NYSE Euronext Richard Metcalfe, Deputy Regional Director, International Swaps and Derivatives Association Kim Taylor, Managing Director and President, Clearing House Division, CME Group