TITLE

Momentum Builds for CDS Oversight--But in What Form?

AUTHOR(S)
KITE, SHANE
PUB. DATE
October 2008
SOURCE
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. credit default swaps (CDS) market will be regulated by the U.S. Securities and Exchange Commission. It notes that SEC shall focus its oversight on risks and tranparency issues. Following the fall of U.S.-based Bear Sterns, Lehman Brothers, and American International Group, the move to standardize and streamline the CDS marketplace was made when the Financial Accounting Stardards Board (FASB) made changes to its rulebook. The effects and implications of the regulations of the CDS market are discussed.
ACCESSION #
34695598

 

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