comments

CDS market complex, unregulated and secretive

The Credit Default Swaps market is unregulated, and in the absence of regulation the clients and counterparties remain closely guarded secrets.

RELATED ARTICLESExplain
⌅
The Global Financial Crisis
⌃
Immediate triggers of the financial crisis?
⌃
Pathology in the Credit Default Swaps market
■
CDS market complex, unregulated and secretive
↳
Absence of transparency means unknown liabilities and mistrust
⇤
Congress missed opportunity to regulate Credit Default Swaps in 2000
□
Complex financial instruments that few understood
□
Credit default swaps became divorced from underlying value
□
Hedging/Netting contracts created web of vulnerability
□
Monoline insurers struggling to meet guarantees
□
Reckless securitisation on top of reckless lending
□
Resources of regulators limited in comparsion to market players
□
Speculative swaps grew to dwarf real insurance swaps
□
Vast scale of rewards encouraged complicity with system
□
Graph of this discussion
Enter the title of your article


Enter a short (max 500 characters) summation of your article
Enter the main body of your article
Lock
+Comments (1)
+Citations (0)
+About
Enter comment

Select article text to quote
welcome text

First name   Last name 

Email

Skip