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Mike Buckle and John Thompson

box 9.1 . Similar practices were found to have been utilised by banks in the forex and are under investigation by the authorities – see section 10.4 . As an illustration of malpractice we show below a transcript of a conversation between two market traders, as reported in the Huffington Post , 6 February 2013: 7

in The UK financial system (fifth edition)
Costas Simitis

exclaimed: ‘Who knows Olli Rehn? Who knows this man’s face?’26 Such division and conflict were clear proof that a balance between the pursuit of the ‘political union’ required to promote economic convergence and the national policies to reduce social conflict had not been found yet. In the run-up to the Eurogroup meeting to be held on 20 February, and to find a commonly acceptable solution, the Greek Prime Minister was in continual contact with the leaders of the other EMU member states. Following these ongoing conversations, the Italian Prime Minister, Monti, took the

in The European debt crisis
Mike Buckle and John Thompson

telephone conversation: ‘For the BIS to ring us was a bit embarrassing’. 12.11   The efficiency of the derivatives markets Futures and options are derivatives, so their prices are a function of the anticipated movements in the price of the underlying cash market asset. It is therefore possible to impute equilibrium prices from the prices of

in The UK financial system (fifth edition)