1.

Record Nr.

UNINA9910698817103321

Autore

Williams Orice M

Titolo

Systemic risk [[electronic resource] ] : regulatory oversight and recent initiatives to address risk posed by credit default swaps : testimony before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises / / statement of Orice M. Williams

Pubbl/distr/stampa

[Washington, D.C.] : , : U.S. Govt. Accountability Office, , [2009]

Descrizione fisica

28 pages : digital, PDF file

Collana

Testimony ; ; GAO-09-397T

Soggetti

Credit derivatives - Law and legislation - United States

Swaps (Finance) - Law and legislation - United States

Risk assessment

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from title screen (viewed May 12, 2009).

"For release ... March 5, 2009."

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

[Testimony discusses] (1) the extent to which U.S. financial regulators and the UK regulator oversee credit default swaps (CDS) risks and challenges that CDS present to the stability of financial markets and institutions and similar concerns that other products may pose, and (3) the recent steps that financial regulators and the industry have taken to address risks posed by CDS and whether similar efforts may be warranted for other financial products.