Managerial Finance (MF) invites paper submissions for a special issue devoted to financial derivatives. These instruments have been largely blamed for the Global Financial Crisis. The Financial Crisis Inquiry Commission set up by the US Government is specifically examining the issue of the role derivatives played in the financial crisis. Given the topical importance of derivatives as global economy inches to recovery, the special issue invites papers that look at all aspects of derivative instruments, their pricing, rating, regulation and more. The challenges in evaluating and addressing the risks that these instruments posed to regulators and participants in the financial markets are of particular importance.