Credit derivatives expert optimistic for 'better understood' market
A leading London derivatives lawyer last week told an audience of experts that he was confident in the future of credit derivatives, lauding the increasing “objectivity” of the International Swaps and Derivatives Association (ISDA) definitions and the more transparent nature of the market.
Edmund Parker, the head of derivatives and structured products at Mayer Brown, made the speech at the book launch of his new title, Credit Derivatives: Understanding and Working with the 2014 ISDA Credit Derivatives Definitions.
“The market does not stand in size as large as it did in
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