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Sarbanes-Oxley News & Developments
Credit Default Swaps: Who is Doing What?Critics worry that the asymmetry inherent in credit default swaps contains the potential for serious abuse.
> > Federal Reserve Board chairman Alan Greenspan has had nothing but praise for the proliferation of credit default swaps and other derivatives. That worries observers such as Chris Dialynas, a managing director of PIMCO. "There is no surveillance mechanism," Dialynas warns. "It is very, very difficult to know who is doing what."
Source: CFO
Published:2004-10-07
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