Regulators struggle with what to do about derivatives

Financial derivatives are seen by European officials as dangerous instruments that helped spur Greece's debt woes. On Wall Street, however, derivatives are seen as helpful tools that mitigate risk. Questions about derivatives have prompted regulators in Europe and the U.S. to delve into the matter. While some regulatory officials have expressed confidence that Europe and the U.S. will come to terms on the issue, there is evidence that even regulators in Europe are unable to agree on the risk, if any, posed by the financial instruments.

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