Credit Derivatives and Regulatory Reform


Corporate Finance | Capital Markets, Derivatives + Commodities, and Structured Products

New York, NY

David H. Kaufman

David H. Kaufman


Following the downfall of Bear Stearns and Lehman Brothers and announcements by AIG and various monoline insurers regarding their exposures to credit derivatives, shell-shocked investors and some media pundits were quick to blame credit derivatives for contributing to the financial crisis. Market participants and regulators alike were troubled by the fact that there was limited awareness regarding the actual size of the credit derivatives market or the extent to which risk had been concentrated in any specific counterparties. Mr. Kaufman and Mr. Trapani discussed recent regulatory initiatives affecting credit derivatives and the OTC derivatives market.

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