Post by Sapphire Capital on Oct 3, 2008 11:55:58 GMT 4
Credit Default Swaps: Opening a New Pandora's Box
Raghav Sharma
National Law University, Jodhpur
Siddhartha Shukla
National Law University, Jodhpur
Sebi & Corporate Laws, Vol. 85, No. 10, 2008
Abstract:
Credit Risk Management has acquired a pivotal place in the Indian banking system as the banks are adopting globally accepted Basel II standards. In order to resolve the growing anxiety over credit risks, the RBI is now seeking to arm the banks with new financial tools to transfer these risks from their balance sheets on the lines of such international developments. Thus, the RBI, on May 16, 2007, released the Draft Guidelines on Credit Default Swaps, proposing a regulatory framework for such transactions.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1262708
Raghav Sharma
National Law University, Jodhpur
Siddhartha Shukla
National Law University, Jodhpur
Sebi & Corporate Laws, Vol. 85, No. 10, 2008
Abstract:
Credit Risk Management has acquired a pivotal place in the Indian banking system as the banks are adopting globally accepted Basel II standards. In order to resolve the growing anxiety over credit risks, the RBI is now seeking to arm the banks with new financial tools to transfer these risks from their balance sheets on the lines of such international developments. Thus, the RBI, on May 16, 2007, released the Draft Guidelines on Credit Default Swaps, proposing a regulatory framework for such transactions.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1262708