As CDS market shrinks, CVA questions grow


Sometime in mid-2006, the outstanding notional of the single-name credit default swap (CDS) market passed the $15 trillion mark, according to the Bank for International Settlements (BIS). It was on a steep upward trajectory that reached a $33.4 trillion summit two years later. Since then, it has been shrinking and, as of the first half of 2012, the BIS estimates it was, once again, worth around $15 trillion in notional terms.

A host of factors have been dragging volumes south – new capital rules

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 individual account here: