The governing agreements for a wide range of transactions, from the most basic financing arrangements to the most complex derivatives trading relationships, frequently include a “cross-default” event ...

International Accounting Standards Board (IASB) rules that require financial instruments to be accounted for at fair value, known as IAS 39, could have a detrimental effect on sales of complex ...

UBS (NYSE:UBS) orders its bankers to scale back the sale of complex currency derivatives after clients suffered heavy losses linked to the market turmoil following U.S. President Donald Trump's ...

NEW YORK (Reuters) - The year was 1990 and Barack Obama was elected the first black president of the Harvard Law Review. The first Gulf War against Iraq began. And a Brookfield Asset Management unit ...

A derivative is a financial instrument that gains value from the performance or price of an underlying asset, such as stocks, bonds, commodities, currencies, and indices. It is set between two or more ...