Voluntary derivatives disclosure not enough

Author: Nicholas Pettifer | Published: 28 Nov 2007

While counsel welcome the UK FSA's call for more disclosure of contracts for difference (CFD), some suggest that a voluntary regime may not be tough enough.

"My initial concern is a situation where someone builds up a substantial CFD position in a company and enters into discussions with the management of that company," said a partner at a magic circle law firm.

"The CFD holder may say that it would see a request for details on its position as hostile. This may put pressure...