Finance Watch has published the first in a series of short position papers where it highlights situations where a private interest is disguised as a public interest argument.
Private interests have a legitimate and useful role to play in society as long as they are pursued openly and honestly. Finance Watch believes that when a private interest is dressed in public interest clothes it distorts the debate, hence the “Private interest dressed in public interest clothes” series we are starting today.
This first paper deals with sovereign credit default swaps.
Download the paper, dated 11 July 2011, here: Why sovereign CDS do not lower sovereign funding costs
Press release 19 Oct 2011: Comment on EU permanent ban on use of naked CDS
