Sweden's Nyberg on credit derivatives

In the speech 'Credit derivatives - risks and opportunities' given on 13 March Lars Nyberg of the Sveriges Riksbank said the advantages of credit derivatives exceed the risks for the economy.

"They have revolutionised the trade in credits in important aspects. The problems related to the market infrastructure are being dealt with successfully and there are many indications that the risks in this field are declining as the market matures. The financial sector has also improved its routines for

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