Fight Brews on Changes That Affect Derivatives | NYTimes.com

Derivatives are financial instruments that allow banks and other investors to bet on interest rates, securities prices and the creditworthiness of countries and companies.

Their complexity and reach allowed dangerous risks to build up in the system before the financial crisis, and they intensified the chaos in the markets in the days and weeks after Lehman failed in September 2008.

via Fight Brews on Changes That Affect Derivatives – NYTimes.com.

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