- #36
edward
- 62
- 166
It appears that there is now a big rush to regulate credit default sawps..
http://www.advancedtrading.com/blog/archives/2008/09/the_rush_to_reg.html
Too little too late
On Tuesday, SEC Chairman Christopher Cox called for giving the agency the authority to regulate credit default swaps. Testifying before the Senate Banking Committee on the turmoil in U.S. credit markets, Cox told Congress “the $58 trillion notional market in credit default swaps— double the amount outstanding in 2006 – is regulated by no one.”
http://www.advancedtrading.com/blog/archives/2008/09/the_rush_to_reg.html
Too little too late
Last edited by a moderator: