Prof. Greenberger Publishes Working Paper on Unregulated Credit Default Swaps
CHHS Founder and Director Michael Greenberger has published a working paper for the Institute for New Economic Thinking. In this paper, Professor Greenberger explains the existing footnote inside the derivatives regulatory rules that allows banks to avoid Dodd-Frank swaps regulation by moving their swaps trading to deguarenteed foreign subsidiaries. As consumer and student debt continue to rise, an unregulated swaps market could be extremely dangerous for a global economy that shows many of the same properties that were present prior to the 2008 financial collapse.
Watch Professor Greenberger discuss his working paper here.
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The University of Maryland Center for Health and Homeland Security (CHHS) is a non-profit consulting group and academic center committed to maximizing organizational resilience before, during and after an emergency event.