Soveriegn Debt CDS Issues Prove the Need for an Industry Wide OTC Derivatives Risk Monitor
Per this weekend's events: the demise of MF Global and the lack of details in the ECB Greece bailout plans...Nobody knows how deep the rabbit hole goes. Counterparty exposures are still a mystery. OTC Derivatives remain an opaque market. Post-crisis (2008) regulatory implementation has grinded to a halt, leaving the global banking industry vulnerable to long tail risk events, collateral squeezes and sudden price drops in correlated assets.
Gov't Debt CDS Credit-Default Swap Risk Bomb Is Wired to Explode
http://www.bloomberg.com/news/2011-10-30/credit-default-swap-risk-bomb-is-wired-to-explode-mark-buchanan.html
The Euro Debt Circle
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
Build Your Legacy
www.LegacyCapitalBook.com
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posted by Victor Lloyd Smith @ 9:11 AM
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