NYFed hosts CDS powwow

The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.

The New York Fed said in a statement posted on its website that the meeting involved "regulatory agencies with direct authority over one or more of the existing or proposed credit-default swap central counterparties."

The meeting, which took place on Thursday

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