Credit risk

dollar vortex

Credit derivatives are under scrutiny again, this time over the role they played in the current Greek debt crisis. Last month, French finance minister Christine Lagarde blamed speculators for contributing to the eurozone’s debt problems, and argued the sovereign credit default swap (CDS) market should be tightly controlled.

It is true some hedge funds and banks have bought protection on a variety of European sovereigns in recent months – trades that caused spreads to widen significantly. But 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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: