Some pension fund executives are wondering whether they placed too much faith in their systems — specifically their risk management systems — and not enough in humans. More and more, the answer appears to be yes.

Fears that the eurozone could fall apart might turn into one of the biggest bets of the current financial crisis, with huge returns for investors possible on either side.

The proposed legislative overhaul of over-the-counter derivatives markets might deprive institutional investors of some valuable customized hedging tools or could shift the U.S. OTC business offshore.