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Monday, July 16, 2012

Big Risk: ''$1.2 Quadrillion Derivatives Market Dwarfs World GDP''

From Daily Finance

''One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost -- and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so.''

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