Defaulter News
Not faulting default swaps
It is hardly surprising that the Reserve Bank of India’s (RBI’s) decision to revive a plan, first mooted in 2007, to introduce credit default swaps (CDSs) in India has met with considerable apprehension. CDSs along with another set of financial instruments described by a similar acronym, CDOs (credit default obligations), earned a fair share of notoriety during the global financial meltdown
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