Isda conference: delegates cautious on standardisation

Speakers at the International Swaps and Derivatives Association's regional conference in London today warned that plans to tighten up the oversight of the derivatives market could make the instruments less effective as hedges, and might add more risk in the system.

"Standardisation doesn't always mean risk reduction - it could actually add risk," says Fredrik Gentzel, head of prime brokerage for global rates and commodities for Deutsche Bank. "The ability to hedge risk accurately is vital for