News & Press Releases
The Financial Times' Gillian Tett Calls for Cutting Through the "Data Fog"
In the Financial Times of Friday, 9th March, Gillian Tett writes:
If Greece were to descend into disorderly default, how big would the financial hit be? . . . amid the number-crunching, there is a bigger question too: just how much information is really available about the likely impact of any Greek shock? After all, when the financial system went into shock in 2008, following the Lehman Brothers collapse, it became clear that modern finance was plagued by a data fog; although investors could find timely information about equities, say, there was very limited transparency about other areas, such as the repo market or credit derivatives (partly because banks had a commercial interest in maintaining that fog).
Read more at: http://www.ft.com/cms/s/0/31f4e2e6-692d-11e1-956a-00144feabdc0.html#axzz1oe7KXi4v