"We understand that derivatives were not a major factor in the financial crisis."

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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"We understand that derivatives were not a major factor in the financial crisis."

--Sharon Bowles, chair of the European Parliament's Economic and Monetary Affairs Committee, responding to industry concerns about Europe following the U.S. approach in OTC regulation.

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