Tuesday, December 04, 2012
If you were asked to name the financial powerhouses of North America, you will no doubt cite the Big Apple and the Windy City. But there are two other cities that are leading financial centers in their own right and appear to be poised for explosive growth – Toronto and Boston.
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Tuesday, October 16, 2012
History is full of examples of crises triggered by unregulated derivatives trading, with the global financial crisis putting the spotlight on the serious inadequacies of the OTC derivatives market and the risks these contracts present to the broader economy. To mitigate this risk, regulatory initiatives, spearheaded by the G20, are now in place to change how they are traded and cleared.
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Wednesday, March 21, 2012
In 1967, the American psychologist Stanley Milgram conducted an experiment to determine how many acquaintances it would take to pass a letter between two randomly selected people. He concluded that it took six steps or fewer to connect any two people in the world and coined the term ‘six degrees of separation’. Rapid technological progress and the advent of social networks have further reduced the number of hops required to connect different people and organizations around the globe.
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