The full costs of Lehman’s failure have yet to be determined, both in terms of the damage to credit markets and the losses inflicted on its creditors and trading partners.

雷曼破产的整体费用现在还无法完全确定，不论是对信贷市场的破坏，还是其债主及交易对手受到的损失。

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The full costs of Lehman's failure have yet to be determined, both in terms of the damage to credit markets and the losses inflicted on its creditors and trading partners.

雷曼破产的整体费用现在还无法完全确定，不论是对信贷市场的破坏，还是其债主及交易对手受到的损失。

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Moreover, Basel is increasing the capital required for Banks' riskiest activities, such as trading positions and counterparty credit exposures.

另外，巴塞尔正在增加对银行风险最大的行为要求提高资本金，例如头寸交易和对手信用暴露方面。

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Trading apples for oranges in this case, HFC for CO2 undermines the purpose of the credit-trading scheme: to encourage emissions reductions at the lowest marginal cost.

ECONOMIST: The treaties that pay you to pollute

One of the problems is the lack of clear information, outside the banks and trading floors, about the credit derivatives market.

FORBES: Credit Crisis: Where Was The SEC?

The US federal government has responded to the Chesapeake Bay challenge by imposing a limit on the amount of pollutants that can flow into the Bay and letting states set up credit-trading programs to promote the most efficient reductions possible.

FORBES: Emerging Platforms Support Water Trading Around the World