US banks increase use of credit derivatives
The notional amount of credit derivatives held by insured US commercial banks rose to $9 trillion at the end of 2006, according to data from the US Office of the Comptroller of the Currency (OCC). This represents a 55% increase from the $5.8 trillion reported at the end 2005.
"The continued strong growth of credit derivatives reflects their importance as a source of managing and dispersing risk, and we do not foresee any decline in the significance of this class of derivatives in future time
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