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"By 2006, I concluded that the committee process for these complex instruments had irredeemably broken down.
Cons These can be almost comically complex instruments with fancy names and even fancier structures.
Alternatively cars can be equipped with complex instruments connected to their exhausts and tested on real roads.
Many of them use derivatives, like options, futures or other complex instruments.
The complex instruments carry steeper risks than the plain vanilla exchange-traded-fund.
Their facile and easy self-justifications ring very true: yes, it was legal what they did with those complex instruments.
Two-thirds of the 300 internal audit executives surveyed said derivatives and other complex instruments were used.
These complex instruments had previously changed hands exclusively through private telephone calls among individual traders, beyond the scrutiny of regulators.
How different our economy might look today, given the damage done by complex instruments during the financial crisis.
If the agencies have misjudged one set of complex instruments, why not another?Buy-outs are still getting funded.
And executives at other banks and some regulators worry that under extreme stress complex instruments rarely work as intended.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com