Following the collapse of Long Term Capital Management more than 10 years ago, a government report called for derivatives market reform. The report, issued by the President's Working Group in April 1999, noted that “market history indicates that even painful lessons recede from memory with time”. Sure enough, once the LTCM headlines disappeared, the impetus for reform vanished.
十多年前，長期資本管理公司(Long Term Capital Management)宣告破產，之后出臺的一份政府報告呼吁對衍生品市場進行改革。總統工作小組(President's Working Group)于1999年4月發布了這份報告。報告指出，“市場歷史表明，即使是一些痛苦的教訓，也會隨著時間的流逝淡出記憶”。果然，一旦沒有了關于長期資本管理公司的新聞，改革的動力也就蕩然無存了。
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