An early trigger is unlikely, but fears of distorted auction outcome remain – and could undermine the use of credit default swaps as a hedge, say market participants
Spreads are static and volumes light as EU finance ministers and the Greek government try to reach agreement over bail-out terms
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The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
The profits of imbalance
Risk perceptions in the eurozone fell today as France and Germany agreed new treaty plans that will sanction fiscally irresponsible member states
Cost of insuring against a German government default remains stable after yesterday’s lacklustre debt auction, but risk perceptions on German banks surge
A recipe for disaster?
Where is the liquidity?
Spreads flat or slightly tighter despite political squabbling over size of EFSF
Indian summer for CDS?
The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.