Lawmakers take aim at CDS market

Regulators have played a big hand in the current market crisis. Rescue packages, bail-outs, nationalisations, bans on short selling and some of the most famous dealers losing their investment banking status and coming under state authority - all this has happened in the space of a couple of months.

And now regulators are looking to impose their authority on the credit derivatives world in order to curb the rampant speculation that these instruments apparently provoke. In late September the New Yo

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