Think the market has finally gotten rid of the financial crisis hangover? Think again, according to Mark Mobius, executive chairman of Templeton Asset Management's [see profile] emerging markets group. In fact, Mobius said another financial crisis is just around the corner because the causes of the previous one haven't been resolved, Bloomberg reports.

"Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes," said Mobius, in front of an audience of international press at the Foreign Correspondents' Club of Japan in Tokyo. The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, according to Mobius. And with that volume of bets in different directions, volatility and equity market crises will occur, he said.

"Are the banks bigger than they were before? They're bigger," he said. "Too big to fail." 

Edited by: Hung Tran


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