Industry trade processing platform - TriOptima
It is ironic that a market such as credit derivatives, which has been so successful in distributing credit risk among a wider universe of users, should itself engender significant operational risk. The backlog of outstanding confirmations in the credit derivatives market prompted regulators in 2005 to demand the leading participants get their back offices in order. But that still left a problem that threatened to get out of hand as the market exploded with growth - what to do about the enormous
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