The Global Financial Crisis (GFC) had spurned a large volume of literature laying much of the blame for the crisis at the door of indiscriminate use of derivatives, pointing out the dangers inherent in derivatives and underscoring the need for further regulating the market.
Immediate aftermath of a crisis was not a good time to take a balanced view, and now that much of the dust has, somewhat settled down, we can perhaps look at the problem dispassionately. Financial sector & the derivatives 3.