Risk swapping between listed companies, banks, insurance firms and reinsurance groups can hold incre...
Risk swapping between listed companies, banks, insurance firms and reinsurance groups can hold increadible risk for investors out of their depth, but the market so far has shown that participants are sufficiently clued up to avoid another layer of regulatory control. That is the gist of today's discussion paper released by the FSA, which says its review of the industry shows that UK insurance companies are not endangered by exposure to the cross-sector risk transfers part of the credit derivatives market, which globally is worth $1.5 trillion annually. The paper is calling for c...
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