For Centralized CDS Clearing, More May Not Be Merrier

January 2009
Securities Industry News;1/5/2009, Vol. 21 Issue 1, p7
Trade Publication
The article reports on the plan of several securities exchanges to launch central counterparty (CCP) services for clearing credit default swaps (CDS) in the U.S. and Europe in 2009. According to some market players, regulators have to approve only one of the solutions, and cited the need for standardization and simplification. It talks about a cooperation between U.S. and European agencies on regulating global clearing initiatives. It cites the influence of an increased oversight on electronic trading of credit derivatives in the U.S.


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