ECB Says Regulators Should Review CDS Market After Bank Turmoil
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Global financial regulators should take a closer look at credit default swaps after relatively small transactions in the market amplified last week’s banking turmoil, according to the European Central Bank’s top oversight official.
The Financial Stability Board, which brings together authorities from around the world, could review “how these markets really work,” said Andrea Enria, who leads the ECB’s Supervisory Board.