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Industry Concern and Regulatory Pressure Reduce Operational Risk of Credit Derivatives  


Author:  Staff Editors.


Source: Volume 21, Number 01, September/October 2007 , pp.59-64(6)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

In “Credit Derivatives: Confirmation Backlogs Increased Dealers’ Operational Risks, but Were Successfully Addressed after Joint Regulatory Action” (GAO Credit Derivatives Report), the Government Accountability Office looked at the accumulation of unconfirmed trades that reached over 150,000 in September 2005, and the subsequent regulatory response.

Keywords: Credit Derivatives; credit default swaps; OTC credit derivatives

Affiliations:  .

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