http://www.jakouiller.com/2006/07/15/le-credit-suisse-condamne-pour-un-produit-assimile-a-un-pari-sur-le-mondial-de-football/ Droit au but... Sat, 10 Jan 2009 01:12:22 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.jakouiller.com/2006/07/15/le-credit-suisse-condamne-pour-un-produit-assimile-a-un-pari-sur-le-mondial-de-football/comment-page-1/#comment-697 stephane Tue, 18 Jul 2006 07:15:46 +0000 http://www.jakouiller.com/?p=351#comment-697 <p>Completely ridiculous. All what CS was doing was hedging the yield against the odds. As such the product should be considered completely hedged and not a bet. No different from synthetics tracking oil, gold or whatever else. The judgement is appalling as it shows that the legislator is so far behind what goes on on the financial places. The only reason they thought they undertsood the product is because it relates to football. This judgement means that "popularisation" of financial products is not around the corner. Sad judgement.</p> Completely ridiculous. All what CS was doing was hedging the yield against the odds. As such the product should be considered completely hedged and not a bet. No different from synthetics tracking oil, gold or whatever else. The judgement is appalling as it shows that the legislator is so far behind what goes on on the financial places. The only reason they thought they undertsood the product is because it relates to football. This judgement means that "popularisation" of financial products is not around the corner. Sad judgement.

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