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

October 2008
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p1
Trade Publication
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.


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