US insurance - Default swaps are insurance policies, insists Dinallo



Following his efforts to deal with troubled monoline bond insurers (Life & Pensions, September 2008, p5), New York insurance regulator, Eric Dinallo, is broadening his clampdown on credit derivatives. From 2009 onwards, any firm based in New York State exposed to credit risk that wants to buy credit default swap protection will need to go to a regulated insurance entity, according to proposals announced by the state's department of insurance.

It was the near collapse of $1 trillion giant AIG in

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

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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