Mandate Critical For Standard CDS CCPs : Operations Management

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Mandate Critical For Standard CDS CCPs

A regulatory mandate will be critical in achieving significant take up of central clearing party platforms for credit default swaps, industry utilities told Congress last month. In a hearing held by the House Agricultural Committee on the CDS market, representatives from four industry utilities with plans to launch CCPs agreed that while the amount of business on the platforms would be viable without a mandate, take up could still be low.

Terrence Duffy, executive chairman of the CME Group, said 20-30% of the now $40 trillion market would likely move onto the platforms without a mandate. "This product has been around for 10 to ...

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Mandate Critical For Standard CDS CCPs

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