UK watchdog chooses Markit
The UK Financial Services Authority (FSA) has picked Markit to supply pricing information on credit derivatives.
London-based Markit will provide the regulator with pricing benchmarks on credit default swaps (CDSs) and access to its reference entity database. The FSA will use the information for research and regulatory compliance purposes, Markit said.
In particular, the FSA could use the CDS market
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