(Reuters) - "We look forward to additional progress and commend the joint regulatory action and industry response as a model for tackling similar problems in global markets," he said.
Credit derivatives are contracts, such as credit default swaps, reached between institutions to manage debt risk. The market for them at the end of 2006 was $34.5 trillion in notional value, up 33 percent from mid-year and double 2005's level.
Read more at Reuters.com Government Filings News
Credit derivatives are contracts, such as credit default swaps, reached between institutions to manage debt risk. The market for them at the end of 2006 was $34.5 trillion in notional value, up 33 percent from mid-year and double 2005's level.
Read more at Reuters.com Government Filings News
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