While the firms using derivative products must have an adequate risk management framework comprising an understanding of the risk and the derivatives used to mitigate that risk, the banks also have a responsibility to offer products that are suitable &appropriate for their client’s risk profile and risk management framework.
Burhanuddin Abdullah: Globalization, financial stability and regional cooperation Keynote address by Mr Burhanuddin Abdullah, Governor of Bank Indonesia, at the 33rd Asean Banking Council Meeting, Bali, 10 October 2003.