"Derivative contracts, swaps, and repos enjoy "super-senior" status in bankruptcy: they are exempt from the automatic …, even though this risk could be borne more efficiently by derivative counterparties. In addition, because super …-senior derivatives dilute existing creditors, they may lead firms to take on derivative positions that are too large from a social …

"In the U.S., as in most countries with well-developed securities markets, derivative securities enjoy special …

expanded. Several new chapters have been added including: * Derivative losses * Risk governance and risk management efforts …