Market regulators agreed yesterday to collaborate on the oversight of credit default swaps, the insurance-like derivative contracts that got American International Group into trouble, and said that at ...
Credit default swaps (CDSs) provide protection for investors in the event that the borrower defaults on their debt or loan. They can play a pivotal part in financial and investment industries, as they ...
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Regulators and practitioners alike have spent much of 2008 fretting about how the CDS market would perform in the event of a big counterparty default (see Credit default swaps: On dangerous ground ...