Prof. Greenberger Publishes Working Paper on Unregulated Credit Default Swaps

CHHS Founder and Director Michael Greenberger has published a working paper for the Institute for New Economic Thinking. In this paper, Professor  Greenberger explains the existing footnote inside the derivatives regulatory rules that allows banks to avoid Dodd-Frank swaps regulation by moving their swaps trading to deguarenteed foreign subsidiaries. As consumer and student debt continue to rise, an unregulated swaps market could be extremely dangerous for a global economy that shows many of the same properties that were present prior to the 2008 financial collapse.

Watch Professor Greenberger discuss his working paper here.

For more information, see:

External links:

  1. https://www.bloomberg.com/news/articles/2018-06-19/swap-loophole-leaves-u-s-taxpayers-on-hook-for-trades-report
  2. https://www.americanbanker.com/news/will-states-pick-up-where-feds-left-off-on-derivatives-regulation
  3. http://wlrn.org/post/big-banks-are-once-again-taking-risks-complex-financial-trades-report-says
  4. http://wamc.org/post/big-banks-are-once-again-taking-risks-complex-financial-trades-report-says
  5. http://nhpr.org/post/big-banks-are-once-again-taking-risks-complex-financial-trades-report-says#stream/0
  6. http://wbgo.org/post/big-banks-are-once-again-taking-risks-complex-financial-trades-report-says#stream/0
  7. http://nashvillepublicradio.org/post/big-banks-are-once-again-taking-risks-complex-financial-trades-report-says#stream/0

 

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