Margining Magnifies Credit Exposure, Says Fitch
Investors’ use of leverage in credit default swaps, particularly through margining, magnifies credit exposure, variability in return on capital and broad market cyclicality, according to Fitch Ratings.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
