The Financial Times reported yesterday another view on the value of transparency of credit default swaps. To quote: “The underlying credits should have transparent, publicly available fundamental data and analytics. Buying and selling small lots of credit slices should be easy. The markets should be democratised, not further concentrated…
Americans Deserve A Break: Mr. Gensler’s To Do List
Louise Story of The New York Times published an article today on the secrecy of the banks and their control of the proposed derivatives clearing houses: “A Secretive Banking Elite Controls Trading in Derivatives. Well done, but once again, it is only stating the obvious and proposing no solutions and next steps.…
Tweets Are Telling: Tug of War- CFTC Taxpayer Protection vs Wall Street’s Speculative Binging
There is a tug of war going on here, with an ever increasing pressure on the CFTC to ease up on crafting regulations on OTC derivatives. The Derivative Project urges the CFTC to examine closely the cost/benefit of the regulatory costs of monitoring OTC derivatives and to ask these questions…