Buy side must clear hurdles to revive CDS liquidity

Some firms forced to watch from sidelines as voluntary clearing of single-name CDSs takes off

In late 2015, a group of investment firms made an extraordinary commitment to voluntarily comply with a clearing mandate that had not yet been adopted by regulators.

The move was borne of frustration with the US Securities and Exchange Commission (SEC), which had delayed acting on a provision of the Dodd-Frank Act directing it to rule on whether single-name credit default swaps (CDSs) should be mandated for central clearing.

Tired of waiting – and convinced central clearing would revive liquid

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: