There are $600 trillion of derivatives in the world (compared to the $14 trillion Federal debt).
European regulators in Brussels announced two sweeping antitrust investigations into the world's largest banks on Friday, opening a second front in the battle to rein in a $600 trillion business that until now has operated mostly in the shadows. The regulators are focusing on whether the banks have shut out competitors in recent years in a bid to keep profit margins high.
For more, see European Regulators Investigate Banks for Credit Swaps by , April 29, 2011 at NYTimes.com.
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