EC working party on derivatives begins its work
The European Commission's Working Party on Derivatives held its first meeting on 5 November 2008. The goal of the group is to develop, by the end of this year, a plan for the centralised clearing of credit default swaps (CDS) across the EU.
While the group will focus primarily on market operation and regulation, it intends also to focus on 'how to ensure adequate information and supervision by regulators'. The group is composed of representatives from the industry and many European regulators. Click for the Meeting Report (PDF 67k).