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  • Eurofi, the European financial-services think tank, is calling for greater transparency for over-the-counter derivatives and credit default swaps.
  • The U.K.’s House of Lords has come out in support of regulation of over-the-counter derivatives proposed by the European Union.
  • LCH.Clearnet said some of its competitors are relaxing their standards for assessing how much insurance traders must pay to protect against default, a practice observers view as an effort to attract business.
  • The Confederation of British Industry has called for the European Commission to exempt non-financial services firms from its proposed over-the-counter derivative regulation that would allow them to continue using the instruments.
  • Hotly anticipated over-the-counter derivatives legislation from Senate Agriculture Committee Chairman Blanche Lincoln (D-Ark.) has just been released, and judging by the commercial end-user exemption to an otherwise mandatory clearing requirement, it looks as if end-user lobbyists had an impact in the final hours before its release.
  • Five-year credit default swap spreads on major investment banks gapped out dramatically today after the U.S. Securities and Exchange Commission accused Goldman Sachs of securities fraud.