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Client Alert

Regulators and Market Participants Target Future Regulation of Credit Default Swaps
Authors: Edward Flanders, David M. Lindley, Jeffrey R. Zuckerman, James Wheaton, William C. Kurz


Over the past several weeks, U.S. and U.K. regulators and various market participants have made several potentially significant statements regarding the possible future regulation of credit default swaps (“CDS”). The Securities and Exchange Commission (“SEC”), the Commodities Futures Trading Commission (“CFTC”), the Board of Governors of the Federal Reserve (the “Federal Reserve”), the President’s Working Group on Financial Markets (“PWG”), and the New York Insurance Department (“NYID”) in the U.S., the U.K. Financial Services Authority (“FSA”) in the U.K., as well as a group of eight major CDS dealers (the “Dealers”), have all expressed concerns about CDS, their regulation and the availability of information about the CDS market.

To read this publication in its entirety, click the link in the adjacent "Downloads" section.
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