Cross-industry body takes up lawyers' campaign on managing securities risk
November 08, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
A heavyweight securities body has taken up the campaign by senior lawyers to forge standards to manage risks from high-risk financial products.
The Global Capital Markets Board (GCMB) agreed to lead the initiative, kick-started last year by JP Morgan associate general counsel Tim Hailes, at a meeting of senior lawyers and bankers last month.
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