In response to “the broad and evolving application of the definition of a derivative,” FASB issued an Accounting Standards ...
The scale of derivatives held by major banks like JPMorgan Chase & Co., Citibank and Goldman Sachs, amounting to $203 trillion, has raised concerns about the potential risks these positions might pose ...
Iowa Sen. Tom Harkin issued a call on Tuesday for regulation of the “over the counter” derivatives market, which has an estimated size of about $596 trillion. By contrast, the value of the world’s ...
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