Derivatives come under fire from hedge product experts

warren buffett calls for better research into instruments

Hedge products experts have largely backed Warren Buffett's recent claims that derivatives are instruments potentially dangerous to the financial system, which should be better researched and managed.

Buffett sparked debate on derivatives in his annual letter to shareholders in Berkshire Hathaway recently, branding derivatives 'a time bomb' and 'financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.'

Criticism of derivatives has been growing