Credit-default swaps traders will
settle $1 billion of contracts protecting against a default by
FGIC Corp.’s bond insurance unit after the insurer was ordered
by its regulator to cease claims payments.
For government bond traders, this year has been all about the steep yield curve, which has provided booming profits. But for some big sovereign borrowers, this has come with a steepening in their credit default swap curve.
CME Group, the world’s biggest futures exchange, is nearing a breakthrough deal with some of the world’s biggest banks to clear credit default swaps, according to people close to the negotiations
Will the rise of sovereign credit default swaps drive pricing in government bond markets? The Dubai shock has highlighted disconnects between the two markets.
The Reserve Bank of India (RBI) has set up a group to look into the norms for credit-default swap (CDS), which will revisit guidelines already issued, RBI Deputy Governor Shyamala Gopinath said in Mumbai on Wednesday.
U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said.
Despite regulatory threats on the horizon, the outlook for the credit default swaps (CDS) market remains bright. While the CDS market's notional value of outstanding contracts fell 14% in 2009, it's still at massive $36 trillion of notional...
It's been apparent for some time now that the Securities and Exchange Commission was preparing to crack down on the use of inside information by traders in credit default swaps. Today the head of enforcement more or less made it official.
"The...
The U.S. Securities and Exchange
Commission will focus on financial instruments such as
derivatives as it broadens a crackdown on insider trading by
hedge funds, enforcement director Robert Khuzami said.
Check out this heatmap of the infamous credit default swap (CDS) market, courtesy of Zero Hedge. Obviously November 19th (the date of this heatmap) was a pretty bad day given all the red, which indicates weakness.
Yet also notice the massive...
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