US watchdog calls for tighter CDS controls

Christopher Cox, chairman of the US Securities and Exchange Commission, has called for greater regulation of the credit default swap market.

In a testimony to the US Senate Banking Committee on September 23, Cox said there were "significant" opportunities for manipulation within CDS markets, which he described as being "completely lacking in transparency and completely unregulated".

As the buyer of a credit default swap could potentially profit on the default of the underlying bond without having

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here