One Year Ago In Derivatives Week

The National Conference of Insurance Legislators began talking about banning naked credit default swaps, planning to have a draft of legislation ready by July 9. [Last month, an assemblyman in New York’s insurance committee and head of NCOIL’s CDS taskforce on CDS, circulated a draft of the bill, banning naked CDS and requiring any seller of CDS to get a credit default insurance company license (DW 3/18).]