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Exact(22)
But leverage is not a property unique to derivatives markets.
The difference is that, in law, the leverage is not financial but human.
So Europe's real leverage is not so much money as it is tourism and private investment, the officials say.
The environment now is different: since leverage is not much of an option in any industry at the moment, the banks look more attractive than they did.
The Vickers commission report has a response to that argument: "Reduced bank leverage is not detrimental to economic growth in the medium term.
But trying to take on fees from advice in a world where there will probably be less leverage is not a bad idea".
Similar(38)
"Today, leverage isn't enough.
Reducing leverage isn't enough.
"Leverage isn't as cheap as it was before the crisis".
In a small company run by the Reverse Peter Principle, leverage isn't your differential advantage.
Using the Gulf of Mexico spill as leverage isn't likely to thrill Louisiana's shrimpers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com