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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (95)	9/17/1998 9:25:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2794

Clark, where did you see the $33 bln exposure for B of A to Brazil? It sounds high to me. Just for context that would be about 12.5% of B of A's total portfolio and mean B of A had 43% of total US commercial bank loan exposure to Brazil. Henry

To: Worswick who wrote (95)	9/17/1998 9:34:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2794

Also those comments about legislation preventing the CFTC from issuing new regulations concerning otc derivatives is pure politics. The CFTC is making a regulatory power grab. They are trying to expand their mandate beyond the futures exchanges. The derivatives market already comes under the regulation of the SEC and the Fed. Any new regulation needed for over the counter derivatives can be handled through those agencies. The CFTC would just confuse the regulatory picture.