WASHINGTON -- Recent worry about the growing use of derivatives underlines the need for international rules, Treasury Under Secretary Lawrence Summers said last week.

"I believe concerns of the kind that have recently been raised about derivatives point up the need for greater internationalization in the area of financial regulation," he said in a speech to the Institute of International Economics.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.