Fed, SEC, CFTC and Treasury Department to Establish CDS Clearing House
The Fed, SEC, CFTC and Treasury Department have signed a memorandum of
understanding for the creation of a clearing house for credit
default swaps (CDS), which will begin operations by the end of
2008.
“A well-regulated and prudently managed CDS central counterparty can
provide immediate benefits to the market by reducing the systemic risk
associated with counterparty credit exposures. It also can help…”
By Erik Kevin Franco and edited by Nancy Girgis
İCEP News Ltd.
2008