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The accord closes a bitter chapter in the MF Global debacle.
We all agreed, for instance, that my stretchy Glen-plaid cowboy shirt was a global debacle.
Several panels at the conference focused on the MF Global debacle and lessons learned from the downfall.
Those responsible for the MF Global debacle should be held accountable to the full extent permitted by law.
The MF Global debacle, however, presents an unusual challenge because the money is not merely caught up in the bankruptcy process.
Some regulators are also examining a flood of new rules for brokerage firms, part of an effort to prevent a repeat of the MF Global debacle.
Similar(39)
In the wake of the global economic debacle, the name of the game for authors of business books is assigning blame.
That may result in litigation, says Tony Lomas, a partner at PWC.In the global Lehman debacle, the British authorities and claimants on the London entity drew the short straw.
"How many times do we want to live through this?" MF Global's debacle was a result of complex swaps deals it had struck with trading partners.
In earlier columns I've noted that technology was a crucial element in both the global financial debacle ("How Tech Killed Finance") and modern warfare ("Military And The Internet").
It's because most of these countries have healthier public finances, sounder banking systems, flexible exchange rates, substantial foreign exchange reserves, reasonable openness to foreign trade and investment, and central banks actively combating inflation that doomsday didn't arrive when the global financial debacle started to unfold in 2007.
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