EU threatens to fine CDS dealers $67 billion
The European Commission accuses dealers, Isda and Markit of blocking exchanges from entering the credit derivatives market
This is something of a bizarre accusation when you think about it. Why does the EC care if futures exchanges could not create contracts on CDS? The EC despises CDS regardless of form (OTC or futures). Perhaps this is the Continent's idea of how to ramp up employment - just start randomly alleging and suing.
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Comment by: Anonymous. Posted 10 years ago [2013-07-03 09:19:29]