WASHINGTON -- Banks may be marketing derivatives aggressively to municipalities and pension funds that in some cases may not have enough expertise to understand the risk, says Heinz Binggeli, managing director of Emcor Risk Management Consulting Corp.

But on the corporate side, most banks aren't aggressively marketing derivatives, Binggeli said in an interview. His firm specializes in fixing the portfolios of businesses and other institutions that have lost money because of dealings in derivatives.

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