Experts Urge More Control Of Complex Securities

Law360, New York (August 7, 2008, 12:00 AM EDT) -- Experts from some of the top financial institutions in the U.S. are calling for sweeping reform to address the current market crisis —

which they have said is the most severe since the post-war period — suggesting more training for investors and higher industry standards.

In a 160-page report issued Wednesday, the Counterparty Risk Management Policy Group III called for the creation of a clearing corporation that would begin clearing credit default swaps in the fourth quarter of 2008.

The group outlined dozens more recommendations that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.