(Reuters) - "First, credit derivatives can be useful instruments aiding the cause of financial stability," Minehan told a conference on the public policy implications of the explosive growth in this market being hosted by the Atlanta Fed.
"Second, in the midst of surging growth in the number of credit derivative products ... and the growing diversity of market users, there has been progress in strengthening the underlying infrastructure round these instruments to make them more resilient in times of stress.
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