ISDA Chairman says GM pain may cut complacency

Newswire

by David Wigan BARCELONA, March 17 (Reuters) - This week's profit-warning from General Motors could help dispel complacency in the derivatives market, which has grown in a benign credit environment, the chairman of the market's trade body said on Thursday. "There is a certain complacency and something like GM may be what it takes," said Jonathan Moulds, on the fringes of the International Swaps and Derivatives Association annual meeting in Barcelona. "It brings in the fear factor and ...

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