FSA Chair Backs CDS Limits

02 Mar 2010

Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, said he supports limiting the use of credit default swaps to investors that own the underlying debt instruments.

Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, said he supports limiting the use of credit default swaps to investors that own the underlying debt instruments. Testifying before Parliament’s Treasury Select Committee, Turner said there are major questions regarding the usefulness of CDS, and suggested they ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial