Regulators, Broker-Dealers Face Adjustment As Technology Changes The Face Of Risk Mgt.
PARIS--The revolution in technology development will create a new world of risk in which electronic exchanges will replace transaction intermediaries and market makers--the regulators' windows into the world of finance--for most asset classes, Till Guldimann, vice chairman of Infinity, told attendees of the Global Derivatives '99 conference in Paris. As a result, regulators will lose their grip on the flow of risk through the financial system as the capital markets evolve from using broker
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