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That ought to make traders cautious about the same bet in Europe and America.
"The government is too focused on trying to make traders understand that there is nothing to fear," Mr. Jakhar said.
She added that the larger amount of oil released and the threat of more would make traders who had been betting on further price increases more cautious.
When they are acutely stressed, the adrenal cortex produces a flood of cortisol, a hormone that can make them overly fearful and risk-averse.Mr Coates says he was drawn to study these biochemical processes because he wanted to understand the "unbelievably powerful emotions" that make traders "go crazy".
They also promised to de-emphasise proprietary trading and to make traders think harder about their bets by raising the proportion of pay they receive in UBS shares.Down the Bahnhofstrasse, Credit Suisse managed rather better, recording a small profit in investment banking despite big write-downs of its own.
And if you backstop the speculators too much, if you make traders too comfortable, well then this all eventually spins out of control.
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A large fire at a refinery also made traders nervous about oil supplies.
"Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs," Mr. Papandreou said in his speech.
"Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs," Mr. Papandreou said.
Directors see where the money is made (though seemingly not where it is lost) and where the risks lie, which makes traders look more attractive as candidates.
In theory, it reduces risk-taking, makes traders take a more long-term view, and is also a way of ensuring loyalty among staff.
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Justyna Jupowicz-Kozak
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