Fed Sets September 15 Date to Discuss Risk Management for Credit Derivatives
At 01 Aug 2005 18:37:10 in MDI-Credit Markets IT, Market Data Insight 
Major banks involved in the credit derivatives marketplace have been called to a meeting with the Federal Reserve Bank of New York to discuss risk management practices. The Fed, worried about the growing number of unsigned confirmations outstanding in the fast-moving credit derivatives markets, has invited senior executives and risk managers from 14 major players to a meeting in New York on September 15 to discuss risk management practices. Last month, the Counterparty Risk Management Policy Group urged market players to clear the backlog of unconfirmed trades and to set more robust infrastructures for processing credit derivatives transactions.
