FSA's Tiner warns against complacency

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Outstanding confirmations in the credit derivatives market have continued to improve, falling to 5.5 days versus 16.2 days a year ago, according to the International Swaps and Derivatives Association. The amount of time it takes for firms to send credit derivatives confirmations to clients has also improved, with 70% now sent out one day after execution, compared with 50% in 2006.

However, dealers must remain watchful to ensure the problems do not re-emerge, says John Tiner, chief executive o

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