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Past Event
9 July 2008

Credit Market Distress Monthly Teleconference Series: Credit Default Swaps

Credit Market Distress Monthly Teleconference Series: Credit Default Swaps

Wednesday, July 9, 2008

According to the International Swaps and Derivatives Association , the Credit Default Swaps (CDS) market has exploded beyond $65 trillion over the past decade. The current credit crisis is having a major impact on the CDS market as insurers are being been forced to write down the value of their CDS portfolios and monoline insurance companies are scrambling to raise capital to cover possible defaults and to prevent a downgrade from the ratings agencies. The recent credit market turmoil has also raised speculation that this largely unregulated market could become the source of systemic risk.

Join us as this month's teleconference focuses on selected exposure and restructuring issues affecting CDS. Topics to be covered include:

  • Market overview
  • Ramifications of defaults and bankruptcy and restructuring
  • Special regulatory issues (including the recent New York Department of Insurance
    regulation relating to CDS)
  • Recent litigation developments and potential risks

Listen to audio recording >>

For additional information, please contact Jean Shim at or +1 202 263 3885.

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