To buy or to build?
Until now, banks have focused on developing their own in-house technology to support their rapidly expanding credit derivatives business. However, a number of off-the-shelf solutions are now available. James Kemp considers the ‘buy or build’ dilemma
The past four years have seen growth in the global credit derivatives market consistently overtake predictions. According to the British Bankers’ Association’s Credit Derivatives Report, the market exceeded expectations by over €150 billion ($190.2 billion) in 2004 and is likely to continue expanding strongly, rising to €6.4 trillion ($8.1 trillion) by the end of 2006. Market growth has
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