Many financial derivative instruments, like credit-default swaps, would come under supervision for the first time.
A more important directive should have tackled derivative instruments, which did worsen the credit crunch, Cohen said.
With such a high volume of derivative instruments being traded, opportunities should commonly arise.
Commercial banks, flush with central banks' money, advanced credit for many unsound investment projects, with the explosion of financial innovation (particularly of derivative instruments) fuelling the lending frenzy.
Back in the irrationally exuberant 1920s, there was at least the excuse of not even having a calculator, let alone search engines or toxic derivative instruments.
Then mortgage pools are sliced, diced and tranched into complex derivative instruments that no one understands — and that are owned by banks and funds all over the world.
Porsche, under attack for its multibillion gains from using obscure derivative instruments, has denied allegations of market manipulation or insider trading.
For this reason, the Sanders plan covers derivative instruments that would circumvent the FTT (for example, by allowing people to trade income streams on assets without trading ownership).
In 1992, I left the company with two other colleagues to start a division of Jefferies & Company that packaged complex derivative instruments.
Over the last few decades, financial institutions have taken on systemic risks, using leverage and derivative instruments that don't show up in these reports.
The French authorities are investigating the opaque derivative instruments that Mr. Arnault used to build his stake, amid concerns that he might have violated disclosure laws.
