Credit derivatives innovations essential for health of credit market

Janjuah, speaking at a credit media briefing in London today, said he was pessimistic about the prospects for the credit markets in 2004, after the “golden year” of 2003, which saw debt in the US rise to the highest levels ever – 300% of GDP.

William Ross, global head of asset-backed securities research at the Dutch bank, also speaking at the event, said structured products were crucial in such times of transition, as they can be designed to flourish in any given conditions. He said collateri

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