No silver bullet

risk-davidrowe-gif

In one way or another, I have been involved with counterparty credit exposure management for more than 15 years. During most of that period, you could not buy credit protection for the uncertain exposure implicit in a reference swap to a third party. Credit derivatives desks had no way to deal with that type of trade. The irony, however, was that the third party could call the swaps desk across the trading floor and the same bank would be perfectly happy to take on the identical credit risk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here