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，长期资本管理公司(Long Term Capital Management)宣告破产，之后出台的一份政府报告呼吁对衍生品市场进行改革。总统工作小组(President's Working Group)于1999年4月发布了这份报告。报告指出，“市场历史表明，即使是一些痛苦的教训，也会随着时间的流逝淡出记忆”。果然，一旦没有了关于长期资本管理公司的新闻，改革的动力也就荡然无存了。
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