Isda AGM: OTC derivatives growth soars in H2 – Isda survey

“The credit derivatives numbers show impressive growth during a difficult period,” said Isda chairman Keith Bailey. “This is testimony to the value that these products bring to market participants in managing risk in times of volatility and uncertainty.”

Bailey, who works as chief operating officer for global rate markets at Merrill Lynch, said banks had seen a “material jump” in the use of credit derivatives following the September 11 terrorist attacks in the US. Enron’s collapse and concer