Deutsche Bank pulls out of single name credit default swaps

German lender is to pull out of market making in single name CDS according to media reports

TAGS: CDS

Comment by: Anonymous. Posted 9 years ago [2014-11-18 13:43:05]

Risk hedging & tranference regulated out of the market? When credit exits the monetary policy induced coma it's been slumbering in, regret is a word that likely will fall short of adequately characterizing regulatory & market sentiment. Reducing liquidity, increasing costs, eliminating competition and furthering the entrenchment of systemic risk should have been be the targets of DF/EMIR...not the byproduct. [James Parascandola via Linkedin]

Comment by: Anonymous. Posted 9 years ago [2014-11-18 00:25:26]

Big news - certainly it appears to be a rebuke to any argument that central clearing would give greater liquidity in single-name CDS.