• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database
USERNAME

PASSWORD

FEATURED SERVICE PROVIDER

  Hedge Fund Search
Name, ISIN, Ticker:
  

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Trichet calls for tougher CDS regulation
 
  Hedgeweb - FRI, MAR 19 2010
News Jean-Claude Trichet, president of the European Central Bank, on Friday called for tougher regulation and oversight of the credit default swap market.

It was important that ??certain financial instruments, which were introduced in consideration of their positive effects for the hedging of risks, should not be misused in a speculative manner?, he told a Brussels-based conference on bank crisis management.

??I share the consensus at global level that regulators should be equipped with appropriate tools to be able to investigate and act in an effective and co-ordinated manner. We need more transparency in CDS markets and so do investors,? he said.

Mr Trichet added that a ??key priority? should be more use of centralised clearing facilities, which would help provide more transparency in the CDS market and reduce the incentive to take ??excessive risks?.

 
 
© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.