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That is the view of Adam Glass, a partner at Linklaters in New York and co-head of the firm's structured finance and derivatives practice.
The agency hopes to avoid that with the addition of Mr. Barnett, who before joining Linklaters was co-head of the securitization and derivatives practice at Shearman & Sterling.
A graduate of Harvard and of Stanford Law School, Mr. Glass was a partner at Linklaters, where he founded the firm's structured finance and derivatives practice.
Gary Barnett, who leads the derivatives practice at Linklaters in New York, will join the regulatory agency as its first director of the Division of Swap Dealer and Intermediary Oversight.
Gary Barnett, who currently leads the derivatives practice at Linklaters in New York, will join the regulatory agency as its first director of the Division of Swap Dealer and Intermediary Oversight.
Similar(55)
Doesn't a strained limit of consumer purchasing power, in addition to lending and derivatives practices, ultimately underlie the housing crisis?
Mr. Obama took pains to try to show how the complex legislation, with its dense pages on derivatives practices, will protect ordinary Americans.
Similarly, Mr. Geithner said he opposed a ban on holding "naked derivatives," the practice of buying a derivative without owning the underlying securities.
His father is the chairman of the securities and derivatives litigation practice group at the New York law firm Kaye Scholer.
While the notation becomes unmanageable for high-order derivatives, in practice only very few derivatives are needed.
The industry group has already missed a trick or two in the face of widespread criticism of derivatives trading practices that go well beyond credit-default swap instruments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com