Gisler quits as Eurex clearing chief

13 Nov 2006

Daniel Gisler, is to leave the executive board of Eurex with effect from 1 December, "on the best of terms and of his own accord", according to a statement released by the exchange. Gisler was chosen to head up...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.