Advertisement

Big Banks Are Once Again Taking Risks With Complex Financial Trades, Report Says

After the 2008 financial crisis, rules required much greater transparency on the sale of credit default swaps. But a loophole allows banks to evade regulation by offloading the trades to foreign subsidiaries. (Reuters)
After the 2008 financial crisis, rules required much greater transparency on the sale of credit default swaps. But a loophole allows banks to evade regulation by offloading the trades to foreign subsidiaries. (Reuters)

Related:

Advertisement

More from WBUR

Listen Live
Close