| David Peacock | ||||||
The market for synthetic collateralized debt obligations (CDOs), which did not exist five years ago, is now fast growing and lucrative. It is also, however, one of the most opaque and unquantified areas of the financial markets. Even two years ago, no more than a handful of banks could truly claim to understand the basic structure of the synthetic CDO.
Now that secret recipe has become public knowledge, with a large array of institutions doing synthetic CDOs of one kind or another.
Thanks for your interest in Euromoney!
To unlock this article:
