a: Financial engineering ~
b: blood doping
What:
In many cases, regulators simply can't keep up with the innovation arms race. Both non-banking lending and mortgage derivatives, for example, developed faster than regulators could police or even evaluate. Financial engineering is like blood doping in professional cycling: the innovators are always one step ahead of techniques for detection."
Useful?
Writer: Dr. Craig Columbus
LCC:
Where:
Date: May 1 2014 5:02 PM
# 5596 Critique Analogy