Isda AGM: Greek CDS reflects fundamentals, says UniCredit's Lim
High credit default swap spreads on Greece reflect real concerns, not speculation, and demonstrate the product's usefulness, Isda heard on Friday.
Elevated credit default swap (CDS) spreads on Greece are being driven by fundamental concerns about the country's debt, said TJ Lim, co-head of global markets at UniCredit, at the International Swaps and Derivatives Association's annual general meeting in San Francisco on April 23.
During a panel discussion about the future of the credit derivatives market, Lim noted derivatives had been blamed for various market meltdowns, including the 1997 Asian financial crisis and the collapse of hedge fund
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