Best bank for credit derivatives: Goldman Sachs

Best bank for credit derivatives: Goldman Sachs

Justin Gmelich, Goldman Sachs

At the start of the year, participants in the credit derivatives industry were hoping for clarity on the future regulation of the market. Despite the passage in July of the Dodd-Frank financial reform act, details on several key aspects of the new regime could take several months to reveal themselves.

Central clearing and the possible future move towards exchange trading of credit derivatives are two grey areas. Of perhaps even greater significance is the controversial Volcker rule and the restr