Pariah of the Markets

peter-john
Peter John

As the cornerstones of a vast derivatives market that critics say has been languishing inside a regulatory vacuum, regulators and market participants have long been worried about the market for largely unregulated over-the-counter (OTC) derivatives. Some of the most notable credit events of the past two years have prompted fresh scrutiny of this market and a closer focus on counterparty risk. 

One of the main reasons why CDSes have been tarred with the same brush is that they are often perceived

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