... as an example of the systemic risk inherent in unregulated CDS transacting, the Coase Theorem is then applied to determine the optimal level of CDS regulatory oversight. Findings Although CDSs resemble insurance contracts in many respects, they are also uniquely complex financial instruments...

...Chris Bates; Carlos Conceicao; Mark Poulton; David Pudge Purpose The purpose of this paper is to explain changes to Chapter 5 of the UK Disclosure and Transparency Rules (DTR 5), introducing new disclosure requirements relating to holdings of financial instruments that have a similar economic...