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Derivatives still a major threat to financial markets, derivatives association says

You know something needs a fix when regulators, who love to crack down, and trade groups, who defend their constituents, come together to argue that major changes are necessary.

Such a scenario is now playing out in the derivatives world.

Four years ago G-20 leaders descended on Pittsburgh to solve the derivatives conundrum – in other words, to find ways to prevent the complex, opaque securities from nearly bringing down the global financial system again.