Matt King discusses how recent regulation affects credit investors and markets, noting that these are palliatives that are overshadowed by huge debt accumulation. Two years after the Lehman failure, the securitization market in Europe is sparse and the European markets continue to be plagued by uncertainty. King also notes that CDS markets will remain an important credit indicator and risk mitigant for those seeking protection, but they are skewed by investor perception.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.