FSA: Cash CDOs, Not Derivatives, Fueled Trading Losses March 02, 2010

--Rob McGlinchey

Cash collateralized debt obligations chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—36.6% of the total against 7.61% for bespoke credit derivatives. That’s according to the Financial Services Authority’s analysis. The regulator surveyed firm numbers between March 2007 and March 2009 and, now that it ...

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