Banco Popular becomes first credit to trigger new-style CDS

Isda’s credit determinations committee ruled on Friday that Spain’s Banco Popular has triggered a “government intervention” credit event on its credit default swaps

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TAGS: Europe Financials Investment grade credit Credit derivatives

Comment by: Anonymous. Posted 2 years ago [2017-06-14 21:54:51]

Good, it looks like the new CDS contracts worked just as they should. Now, if only we could fix the bank regulators (and governments) just as easily ....