EnergyWatch

Derivatives risk isn't gone. It's just morphed: Satyajit Das

Ten years after the collapse of Lehman Brothers Holdings Inc., almost to the day, a private trader and one of Norway's richest men suffered EUR 114 million of losses on energy-futures positions traded on Nasdaq.

Photo: /Ritzau Scanpix/AP/Richard Drew

BLOOMBERG OPINION

Markets have served a timely reminder of the latent risk from derivatives — the wild beasts of finance. Ten years after the collapse of Lehman Brothers Holdings Inc., almost to the day, a private trader and one of Norway's richest men suffered EUR 114 million of losses on energy-futures positions traded on Nasdaq.

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