During the financial crisis, the credit default swap (CDS) market, a part of the OTC derivatives market, took center stage as difficulties in financial markets began to intensify and the counterparty risk involved in a largely bilaterally cleared market became apparent.

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Others argue that the financial system itself hangs in the balance if big players in the derivatives market are left unrestrained.

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Khuzami also added five additional units to oversee various areas of the financial industry: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.

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It'd be hard to find a hotter stock than the Chicago Mercantile Exchange, the world's largest open-outcry derivatives market that some have called the " Google " of the financial sector because of its high-flying price surge.

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It'd be hard to find a hotter stock than the Chicago Mercantile Exchange (nyse: CME - news - people ), the world's largest open-outcry derivatives market that some have called the " Google " of the financial sector because of its high-flying price surge.

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The enforcement chief also created five specialized units to oversee the following areas: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.

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