President Clinton sent banks a strong message about derivatives risk Friday when he signed the Riegle Community Development and Regulatory Improvement Act of 1994.

A portion of the act on the documentation of foreign deposits - or sovereign risk - has implications for derivatives traders as well, said Nancy Jacklin, a partner in the New York law firm Clifford Chance.

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.