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Complex financial instruments that few understood
Component
1
#7033
The increasing complexity of Credit Default Swaps meant that very few people (and particularly the regulators) fully understood what was happening.
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial CrisisâExploring the causes, consequences and responses to the global financial crisis. âF1CEB7
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Immediate triggers of the financial crisis? »
Immediate triggers of the financial crisis?
Immediate triggers of the financial crisis?âWhat were the immediate triggers of the current financial crisis?âFFB597
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Pathology in the Credit Default Swaps market »
Pathology in the Credit Default Swaps market
Pathology in the Credit Default Swaps marketâCredit Default Swaps, which originated as legitimate finance instruments that acted as a kind of insurance (offsetting risk in return for a premium), morphed into something more akin to high stakes gambling.â59C6EF
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Complex financial instruments that few understood
Complex financial instruments that few understoodâThe increasing complexity of Credit Default Swaps meant that very few people (and particularly the regulators) fully understood what was happening.â9FDEF6
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Complexity means many decisions driven by computer algorithms »
Complexity means many decisions driven by computer algorithms
Complexity means many decisions driven by computer algorithmsâComplexity means that many of the trading decisions are driven by computer algorithms that are able to interpret and derive correlation structures from observed collateralized debt obligation tranche spreads faster than the people who created them.â9FDEF6
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Credit-rating agencies underestimated risks »
Credit-rating agencies underestimated risks
Credit-rating agencies underestimated risksâCredit rating agencies failed to appreicate and state the true nature and scale of the risks faced by the insititutions they were rating.â9FDEF6
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Congress missed opportunity to regulate Credit Default Swaps in 2000 »
Congress missed opportunity to regulate Credit Default Swaps in 2000
Congress missed opportunity to regulate Credit Default Swaps in 2000âCongress passed a law in December 2000 confirming that Credit Default Swaps, and other swaps like them, would not be regulated. A bi-partisan decision passed 95-0, after very little substantive debate.âFFFACD
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Gemaakt door:
David Price
NodeID:
#7033
Node type:
Component
Gemaakt op (GMT):
10/7/2008 12:08:00 AM
Laatste bewerking (GMT):
10/8/2008 11:19:00 PM
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