A post relating to this item from Finextra:
06 November 2008 | 8158 views | 0
The European Commission has set an end-year deadline for financial market participants to draw up a blueprint for the clearing of credit default swaps.
With the sum of $600 trillion CDS, it now looks as though the sub-prime crisis is a relatively benign subject.
It is safe to say that a lot of these CDS' spread have increased because of the current economic crisis and the number of defaults. How much of this $600 trillion CDS is affected by credit defaults is a very good thing to know at this point. Will CDS sellers
be able to fund these losses?