CDS Bill Lambasted

29 Jan 2009

Market participants have criticized a draft bill circulated by Rep. Collin Peterson (D-Minn.), who chairs the U.S. House Agriculture Committee, that would impose limits on naked credit default swaps, or where an investor buys protection without owning the underlying bonds.

Market participants have criticized a draft bill circulated by Rep. Collin Peterson (D-Minn.), who chairs the U.S. House Agriculture Committee, that would impose limits on naked credit default swaps, or where an investor buys protection without owning the underlying bonds. Tim Backshall, chief strategist at Credit Derivatives Research, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial