The CDS liquidity paradox

"Credit derivatives don't kill banks. Banks kill banks." Okay, it's a cheeky play on the infamous National Rifle Association slogan, but for the man who coined it with a derivatives twist, Kevin McPartland, a credit derivatives industry analyst at Tabb Group, it's an argument worth debating.

Credit derivatives are an A-list poster child of the worst financial crisis since the infamous Great Depression. Derivatives once again become a by-word for industry fecklessness and resulting dysfunction.

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: