Experts discuss European bank bonds and CDS

06/4/2013 | Bloomberg

At a Bloomberg event in New York, Prosiris Capital Management founder Reza Ali noted the situation of SNS Reaal, the bonds of which were expropriated by the Dutch government. Bondholders were exposed to losses, and concerns were raised about credit default swaps. ISDA has proposed altering CDS rules to insure against conversions into equity, exchanges and debt write-downs.

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