Bank Chief Warns On Risk From Credit Derivatives
Evening Standard - London › May 18, 2005
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Summary
BANK of England Deputy Governor Sir Andrew Large today added his voice to warnings that the explosion of the credit derivatives market could undermine financial stability.
"Credit risk transfer has introduced new holders of credit risk, such as hedge funds and insurance companies, at a time when market depth is untested," he said in a speech in Istanbul.See the full content of this document
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Bank Chief Warns On Risk From Credit Derivatives
"The growth of derivative ...
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