It seems regulators are again after the evil dealers. Since dealer to dealer trading accounts for most of the volume in the CDS market, and the dealers all invest in Markit, they must be doing something wrong – right? I just can’t see how this case has any merit, nor does the timing of the […]
Markit Magazine, the quarterly publication from (who else?) Markit, includes a slightly updated copy of my TabbFORUM article comparing swap trading rules in the EU to those in the US. My piece and the entire magazine in e-format (with some other good stuff in it) are here: Markit Magazine.