MF Global looks to take more risk
Michael Stockman, chief risk officer at MF Global, talks to Alexander Campbell
MF Global is one of a number of broker-dealers and boutique investment banks that see plenty of opportunity in the world being created by the Dodd-Frank Act and Basel III. While the larger banking groups are shedding risk from their balance sheets in light of increased capital charges, as well as pulling back from certain business lines – in particular, proprietary trading – these smaller institutions are beefing up their operations.
MF Global has been fairly explicit in its intentions. When
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