It’s one thing to get criticized by those who don’t understand or like the financial markets. It’s another when the criticism comes from someone who does. A recent Forbes op/ed is clearly in the latter camp. It’s unfortunate and disappointing that it is based on an outdated, inaccurate view of the CDS market.
Contrary to the article’s assertions, CDS trading volumes are publicly available, via the DTCC Trade Information Warehouse. This and other trading information has been available for some time and levels of activity in the CDS market are no surprise to financial market professionals.
In addition, market participants have long maintained that CDS prices should be viewed in context. They are just one indication of credit risk. Would anyone – Mr. Forbes included – buy a stock based on one metric?
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA Feedback on Identifying Reference Data
On July 20, ISDA submitted feedback to the European Securities and Markets Authority (ESMA) on draft Level 3 guidance on several technical issues caused by the interaction of the recently adopted regulatory technical standard on derivatives transparency (RTS 2) and...
US Basel III Endgame 2026 Update
In March 2026, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation published a new proposal for capital rules known as the US Basel III, based...
Episode 59: Reducing Burdens
As she nears the end of her term as chair of the European Securities and Markets Authority, Verena Ross joins The Swap to discuss progress in simplifying and reducing the burden of EU financial regulation, including transaction reporting. Please view...