Credit derivatives and the Dodd–Frank Act: Is the regulatory response appropriate?

@article{Vasudev2014CreditDA,
  title={Credit derivatives and the Dodd–Frank Act: Is the regulatory response appropriate?},
  author={Palladam M Vasudev},
  journal={Journal of Banking Regulation},
  year={2014},
  volume={15},
  pages={56-74}
}
Credit derivatives played an important role in the financial market events of 2008–2009, usually referred to as the ‘Credit Crisis’. The US Congress enacted the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010 as a comprehensive response to the issues identified as causal in the Credit Crisis. Collateralized Debt Obligations and Credit Default Swaps are among the major credit derivatives developed by the financial industry in the recent decades. This article reviews the… CONTINUE READING

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