Parsad Posted March 11, 2010 Share Posted March 11, 2010 Europe has moved to restrict trading in credit default swaps. I believe they are ahead of the curve. "If derivatives had to be traded on exchanges, you'd have records of how these transactions happened. If hedge funds had to make filings of their holdings, there'd be some record. But if you don't have either one, that's a real challenge," said Bruce Baird, who formerly led the white-collar-crime unit in Manhattan for the Justice Department. "That's a very, very long road" to find evidence of wrongdoing. Cheers! http://www.washingtonpost.com/wp-dyn/content/article/2010/03/09/AR2010030903767.html?hpid=sec-business Link to comment Share on other sites More sharing options...
Parsad Posted March 12, 2010 Author Share Posted March 12, 2010 Looks like the SEC is pushing for CDS regulation...about friggin' time! Cheers! http://www.cnbc.com/id/35831890 Link to comment Share on other sites More sharing options...
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