Panelist laid out their dreams and nightmares for the credit derivatives market over the next 12 months.
* Charles Pardue, managing partner at Prytania Group.
Dream Continued growth in the range of products being offered.
Nightmare Another Enron year because I don't know what problems it could bring.
* Grégoire Pesquès, deputy head of credit management at SG Asset Management.
Dream A fixing for credit-default swaps.
Nightmare The way people will use correlation.
* Brian Ratner, EMEA head of product management in the global structured products group at Bank of America.
Dream A more active secondary market for CDOs.
Nightmare A lack of understanding about the products.
* Rick Watson, head of structured finance at FGIC UK.
Dream Increase in standardization and building on the positive regulatory developments, such as changes to double default rules.
Nightmare - Domestic regulators interpret the Basel accord differently and don't seek industry comment
