Trichet calls for more transparency, especially for credit derivatives
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a "herd mentality" in the financial market that can create artificial swings in market prices.
He added that “no satisfying disclosure” yet exists for the credit derivatives marketplace, and that while a January study by the Bank for International Settlements cast “some light” on this market, “these efforts should be pursued by central
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