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CFTC and Federal Reserve Bank of New York Determine CME Group Meets Regulatory Requirements to Clear Credit Default Swaps.

Publication: Economics Week
Publication Date: 09-JAN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CME Group, the world's largest and most diverse derivatives exchange, announced that it has passed two key regulatory hurdles to commence clearing over-the-counter credit default swaps (CDS) through CMDX, a joint venture company with Citadel Investment Group. Regulatory reviews with the Federal Reserve Bank of New York and the Commodity Futures Trading Commission (CFTC) are complete. CME Group has had extensive discussions with the Securities and Exchange Commission (SEC) and are well along in the SEC review process. Additionally, CME...

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