CDS volumes hit new record ... but processing backlog spikes back up
UK regulator, the FSA, talks tough on the backward step in CDS processing that has resulted in unconfirmed trades rising to 20,000 from 16,000
Credit default swap volumes hit a new record of $26 trillion at the end of the first half, according to data from the International Swaps and Derivatives Association (Isda) released in September. That's up 52% from $17.1 trillion at the end of the second half of 2005, and is more than double the amount outstanding at the same time last year ($12.4 trillion).
The results, part of Isda's semiannual survey of the OTC derivatives market, reveal the market's rapid growth spurt is far from over
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