New CDS index delayed by regulatory capital concerns

Dealer worries about impact of self-referencing trades derail CDX Financials launch at last minute


S&P Global-owned IHS Markit has postponed the launch of a new credit default swap (CDS) index days before it was set to start trading after dealers raised concerns that regulatory capital rules would keep them from using the product.

In a statement on Friday, May 31, the index’s administrator wrote that CDX Financials – the highly anticipated index of banks and insurance companies – would not begin trading on Monday, June 3 as planned, citing “regulatory concerns raised by multiple market-makers”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here