Credit default swaps - should investors be worried?
What are credit default swaps (CDS) and should investors be worried by them? Tim Bennett explains.

What are credit default swaps (CDS) and should investors be worried by them? Tim Bennett explains.
See also MoneyWeek's financial glossary.
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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.
He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.
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