CDSs are, in fact, a species of insurance, and naked swaps are more akin to gaming than insurance since they lack insurable interest.
the goals of this draft bill would be best realized and enacted by the states; whether the CFMA was overbroad in its int...
I am pleased to be here today on behalf of NCOIL to discuss draft legislation titled the 'Derivatives Markets Transparen...
I think we agree that a group of states together in either compact or with model legislation would come up with a nation...
I certainly don't dispute the fact that credit default swaps play an important role in our financial institutions, but t...
I believe we do, and the superintendents of the various states together with NAIC, which is their organization, in conju...
I would just like to note that the argument that naked CDSs, as I would define them, that don't provide any hedge at all...
Well, thank you Congressman. I just would point out, as I mentioned in my testimony, that if you look at AIG from the pe...
I have a lot of sympathy for that, but I suspect that maybe a lot of what you want to accomplish can be accomplished by ...
What worries me that everybody is going to have these position limits, on-exchange off-exchanges, that means that market...
I would argue a couple of things.