Rethinking CDSs

Credit default swaps (CDSs) have been fingered as a main culprit in the ongoing financial crisis. Regulation of the CDS market in the US now looks likely, but what form will this take? Peter Madigan reports


There was a time when credit default swaps (CDSs) were the darling of the over-the-counter derivatives world. Lauded as an efficient means of spreading risk among market participants, as well as providing much greater price discovery than what is available in the bond market, credit derivatives notional volumes grew exponentially from just $3.58 trillion at the end of 2003 to a whopping $54.6 trillion by June 30, 2008.

However, following the conservatorship of Fannie Mae and Freddie Mac, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Modernising compliance functions with regtech

Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector,…

Most read articles loading...

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