New York

Regulators, Banks Meet on Bond Insurers 

I’d wanted to use the headline “Counterparty Party,” but the Calculated Risk blog seems to already be on that wavelength … At any rate, banks and insurance regulators pow-wowed today in New York. The subject? What to do about the troubles now facing many large monoline bond insurers, whose woes run the risk of making the term “net of hedges” something of a joke at many of the nation’s largest financial institutions.