Most Popular Stories
Events
- ABA Insurance Risk Management Conference
Jan 25-28 - ABA Risk Management Forum - a new event!
April 22-24 - Private Equity Analyst Outlook 2009
Jan 27-28 — Grand Hyatt, NYC - Investment Consultants Forum
December 15 — The Princeton Club, NY
Sponsored Links
Latest News
CDS market creaking?
The New York Times puts the market for credit default swaps in perspective: "Since 2000, it has ballooned from $900 billion to more than $45.5 trillion--roughly twice the size of the entire United States stock market." The fact is that this regulated market is one of the worst run in the world. Back-office problems have been its bane since the beginning. Despite major industry wide efforts, the recent volume has rendered the paper trail of many trades obscure, to say the least. If big waves of trading hit, settlements will become a nightmare. That will only add to the confusion, and likely push more banks to give up and take losses. The Times noted that in August, 14 percent of trades were unconfirmed. Look out folks.
For more:
- here's the article
Related Stories
- The hold-up with pending deals continues
- What should banks do about buyout loans?
- Ready for the M-LEC?
- How might Goldman Sachs benefit from loan slowdown?
- The next credit debacle?
- Leveraged loan writedowns coming
- Money funds and the credit crunch--whew!
- One measure of firms' trading prowess
- More stories from the end of an era
- How much smoothing is going on with hedge funds?
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceSarbox | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceBiotech | FierceBioResearcher | FiercePharma | FierceVaccines | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2008 FierceMarkets, Inc. All rights reserved. |
![]() |


