The credit default swap market has been almost doubling annually since it began in earnest in 1996. And there are as yet no signs of a slowdown. With a number of emerging market financial crises, particularly Asia and Russia, and an unprecedented fall in corporate credit quality in both the US and Europe, credit default swaps have been well tested in the past nine years.
What everybody ought to know about this credit business
Changes in the
The week on Risk.net, July 7-13, 2018Receive this by email