Banks should standardise CDS indexes, says credit derivatives panel
Investment banks should be pushing for standardisation in credit default swaps (CDS) indexes, agreed a panel of credit derivatives experts at Risk ’s Credit Risk Summit Europe 2003 in London.
“If we stop this war between the Morgans and the rest of us, I think this will increase liquidity,” he added. He was referring to the Trac-x CDS index, which was created by JP Morgan Chase and Morgan Stanley.
Last week it emerged that JP Morgan and Morgan Stanley are in
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