Greek exposure and derivatives exchanges

Posted in Economics, Financial Markets, Politics and Policy at 1:53 pm

There’s a considerable amount of debate regarding the exposure of US banks to Greek sovereign default via their CDS protection sales to European banks.  See:





Yet some policymakers and industry participants still aren’t convinced of the need to move CDS trading to exchanges and bring transparency to the market?  Seriously?  We really didn’t learn anything from the 2008-2009 crisis.

1 Comment »

  1. liberal said,

    06.28.11 at 11:58 am

    Though don’t forget Yves Smith’s claims that the more general problem of CDSs won’t be solved by clearinghouses.

RSS feed for comments on this post · TrackBack URL

Leave a Comment