Isda AGM: Trichet calls for more transparency

Speaking at the 22nd International Swaps and Derivatives Association’s annual general meeting in Boston on Wednesday, Trichet said the opacity of the credit derivatives market is cause for concern and could lead to instability in the financial system.

“The complex interaction between cash instruments and credit derivatives has made it increasingly difficult to monitor where different, possibly sizeable, positions are taken and where risks are concentrated,” he said. “It is similarly difficul

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