May 13, 2008
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New York Insurance Regulator Suggests that “Core” Credit Default Swaps Might be Ripe for Regulation as Insurance Contracts
- HFLR EditorHedge Fund Law Report
Eric Dinallo, the New York insurance superintendent, indicated in an interview that credit default swaps in which the protection buyer owns the underlying asset may constitute insurance arrangements, under statutory definitions, and perhaps should be regulated as such.
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