Entries tagged "David Havens"
What are credit default swaps and how do they work?
Until last year the credit default swap market was virtually unknown, but now those financial institutions that were selling credit default swaps are collapsing. At the TMA/The Deal's Distressed Investing Conference in Las Vegas Thursday, David Havens of UBS Investment Bank, Ed Weisfelner of Brown Rudnick and Jeff Fitts of Alvarez & Marsal debated if CDSs are a gamble and the future of the market for these derivatives....