Why Would Anyone Want to Restart the Credit Default Swaps Market?
Saving single-name credit default swaps?
CDS functions on the Bloomberg Terminal.
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Last week, Bloomberg reported that BlackRock, the world’s biggest asset manager, is leading a push to revive a type of derivative known as the single-name credit default swap. Readers may remember that such CDSs were blamed for exacerbating the financial crisis of 2008. So why, one might ask, would anyone want to revive this particular corner of the credit market?
Here's a rundown.