Law360, New York (November 05, 2008, 12:00 AM ET) -- The U.S. Securities and Exchange Commission is reportedly working on a plan that could help create a central counterparty clearinghouse for the nearly $60 trillion market in credit default swaps, an unregulated market many say played a key role in the financial crisis.
In order to quickly get one or more counterparties for credit default swaps in place, and boost transparency in the vast CDS market, the SEC plans to temporarily exempt exchanges, dealers or other applicants from registration requirements, according to SEC documents reviewed by...
SEC Plans To Clear Path For CDS Clearinghouse
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