Wednesday, May 13, 2009
Tick... tick.... tick... BOOM!!!
BBC: US plans derivatives regulations
The US Treasury wants more regulation of derivatives - the complex financial instruments that brought down some of Wall Street's biggest names.
Check this paragraph out, before they edit it:
Perhaps the most noptorious form of derivative is the credit-default swop.
Posted by devo @ 11:43 PM (388 views) Add Comment
2 Comments
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1. devo said...
The notional value of derivatives held by U.S. commercial banks increased $24.5 trillion in the fourth quarter, or 14%, to $200.4 trillion, due to the migration of investment bank derivatives business into the commercial banking system.
Derivatives activity in the U.S. banking system is dominated by a small group of large financial institutions. Five
large commercial banks represent 96% of the total industry notional amount and 81% of industry net current
credit exposure.
Source: http://www.occ.treas.gov/ftp/release/2009-34a.pdf
2. devo said...
Update:
'noptorious' now corrected.
'swop' remains...