ISDA Defends CDS

15 Mar 2010

The International Swaps and Derivatives Association has lashed out at critics of the credit default swap market, saying their reasoning is “flawed and inconsistent.”

The International Swaps and Derivatives Association has lashed out at critics of the credit default swap market, saying their reasoning is “flawed and inconsistent.” Commenting on recent developments regarding sovereign CDS and to the impact they could have on a country’s economies, ISDA said the most commonly traded ...

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