Red Flag Act
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- If your interest runs to traction engines, see the Locomotive Act
- If netting is your thing, you might be interested in the Bank for International Settlements’ monograph on the subject from 1989 which, this writer humbly submits, still operates like a man walking with a red flag in front of the three trillion dollar global derivatives industry.
Basel close-out netting requirements: systematically preferring the free allocation of capital among Western countries over developing countries, despite a want of any evidence that netting contracts are any less effective in non-netting countries than they are where you do have a clean opinion.[1] There are 27/27 netting jurisdictions in the European Union, 18/20 of the G20, but just 2/54 in Africa, one of which is in the G20 (South Africa) and the other of which is an island where lots of Western people go on holiday (Mauritius).
If you have time between bouts of virtue-signalling, discuss.
- ↑ I know, I know: an absence of evidence is not the same as evidence of absence — but there is no evidence of presence either.