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Which markets do institutions use to change exposure to credit risk? Using a unique data set of transactions in corporate bonds and credit default swaps (CDS) by large financial institutions, we show that simultaneous transactions in both markets are rare, with an average institution having an...
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result of the major role that CDSs played, this paper argues that CDS issuers should be subject to prudential regulation, in … system, and prudential regulation would reduce this risk …
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The financial market has undergone a major shake-up/crisis and the credit default swap market is deemed to be the … actually linked to the intricacies of the credit derivative market particularly credit default swaps-its high risk volatility … spread in the event of default; its lack of regulation and close supervision by authorities. This paper would give background …
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This paper discusses the regulation of credit derivatives after the subprime mortgage crisis and the implication for …
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institutions as partners in financial markets regulation and policy formulation …
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