"“Unfortunately, tools that transfer risk can also increase systemic risk if major counterparties fail to manage their own risk exposures properly,”"
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Pioneer Behind Credit Derivatives is Leaving JPMorgan,April 3 2014
https://en.wikiquote.org/wiki/Blythe_Masters
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Blythe Masters
Blythe Masters (née Levett; born 22 March 1969) is a British private equity executive and former financial services and fintech executive. She is a former executive at JPMorganChase, where she was widely credited for developing the credit default swap as a financial instrument.
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