Credit derivatives market to hit $33trn by end-2008, says BBA

News

The global market for credit derivatives is expected to reach $33 trillion by the end of 2008, according to a British Bankers' Association (BBA) report released at its credit derivatives conference in late September.

The BBA predicted the market will rise to $20 trillion by the end of the year, well outperforming the $8.2 trillion estimated for 2006 in the BBA's 2004 survey. The figures fall short of the $26 million already reported by the International Swaps and Derivatives Association for t

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