On June 17, the White House and the Department of the Treasury revealed plans to regulate over-the-counter derivatives. The proposals unveiled also included a host of other regulatory measures designed to avoid systemic risk in the financial markets. In a recent interview with Knowledge@Emory, Nicholas Valerio III, associate professor in the practice of finance at Emory University’s Goizueta Business School, discussed the reform proposals, the problems with over-the-counter derivatives, and what’s ahead for Wall Street. At Goizueta, Valerio teaches classes on derivative assets to undergraduate and MBA students as well as an advanced derivatives course to full-time MBA students. His areas of specialization include equity options and futures, investment management, and financial markets. In addition, he advises and accompanies MBA students on the annual New York Stock Exchange trek to further enhance the learning experience.
Valerio recommends Knowledge@Emory readers pick up two bestselling finance books to get a better perspective on risk management and the psychology and history of the financial markets—“Against the Gods: The Remarkable Story of Risk” by Peter L. Bernstein and “The Black Swan: The Impact of the Highly Improbable” by Nassim Nicholas Taleb.
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