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Collateralised loan obligations: why these obscure products could cause the next global financial crisis

By Daniel Tischer, Lecturer in Management, University of Bristol
Adam Leaver, Professor of Accounting & Society, University of Sheffield
Jonathan Beaverstock, Professor of International Management, University of Bristol
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CLOs are said to be far safer than the derivatives that nearly brought down the global banking system in 2007 – but the cracks are beginning to show.

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