Research finds little merit in EU's naked CDS ban

02/19/2013 | Structured Credit Investor (U.K.)

A pan-European ban on naked credit default swaps is unlikely to have any effect on sovereign-default risk or governments' cost of borrowing, according to research from New Imperial College. "CDS spreads are the symptoms, not the cause, of a country getting into trouble," said Paul Crean, co-founder of Finisterre Capital.

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Structured Credit Investor (U.K.)

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