ACLI – CDS – Credit Default Swaps

ACLI – CDS – Credit Default Swaps

• (p33) – Brad Sherman (R-CA) – Who can comment on why we wouldn’t regulate credit default swaps as an insurance product?
• Gary HUGHES, ACLI –  Personal opinion, it is a form of financial guaranty insurance. I think it probably should have been in a monoline company and not part of a multiline company.
• Mr. SHERMAN. You are saying it should be part of a monoline company, but a regulated insurance company?
• Mr. HUGHES. That would be my personal opinion, yes. 

2014 0520 – GOV (House) – Legislative Proposals to Reform Domestic Insurance Policy, Randy Neugebauer (R-TX)  —  [BonkNote]