Risk.net readers back California's CDS reporting demand

A recent online poll found a small majority backing California's demand for banks to reveal their involvement in the state's credit default swaps.

A poll last week on risk.net found respondents backing California treasurer Bill Lockyer, who asked six major banks to disclose their involvement in the market for credit default swaps (CDS) on the state on March 30. Just over half of respondents said the banks should comply with his request for details of their market-making, exposure and forecasts for swaps on the state's debt.

In a letter to the six banks – Bank of America Merrill Lynch, Barclays, Citigroup, Goldman Sachs, JP Morgan and

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