ECB Calls For Eurozone-Based Clearer

15 Jun 2009

The European Central Bank said at least one of the nine dealers that expect to start clearing credit default swaps this summer should be based in the euro zone.

The European Central Bank said at least one of the nine dealers that expect to start clearing credit default swaps this summer should be based in the euro zone. The ECB, which noted that euro-denominated CDS transactions account for about 40% of all transactions around the world, said ...

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