Aug 21, 2020
Welcome to Finance and Fury, the Furious Friday edition.
This episode – will be looking at derivative disasters through in the history – looking at specific crashes of near financial disasters – that were contained
Specifically – Look at a few examples in Australia –ones that most people wouldn’t have heard about – been studying derivatives and the legislative side to them over the past few weeks – came across cases that I had never heard of – wanted to share this and help to demonstrate how these instruments when misused can create a fragile financial system
To start with - Financial derivatives are powerful instruments
Looking at these Derivative disasters in context – what similar elements they have
Looking at one of the first cases in history of derivatives loses –
The next financial mishap with derivatives was with National Australia Bank in 2003/04
Summary -
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