{"id":3804,"date":"2014-12-31T17:36:07","date_gmt":"2014-12-31T22:36:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3804"},"modified":"2014-12-31T17:36:07","modified_gmt":"2014-12-31T22:36:07","slug":"is-the-cds-market-manipulated-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3804","title":{"rendered":"Is The CDS Market Manipulated? | Zero Hedge"},"content":{"rendered":"

Is The CDS Market Manipulated? | Zero Hedge<\/a>.<\/p>\n

Credit Event, Or Not? Is Another Market Being Manipulated?\u00a0<\/strong>(pdf<\/a>)<\/em>
\n<\/strong><\/p>\n

As investors and market participants become increasingly aware of the regulatory failures that allowed for manipulation of LIBOR, FOREX, municipal bond bidding and certain commodities markets,\u00a0regulatory sources are increasingly expressing concern that they have paid too little attention to potential manipulations of an arguably larger, more systemically important and less regulated market \u2013 the CDS market\u00a0<\/strong>as self-governed, through \u2018regulatory license\u2019, by the International Swaps and Derivatives Association (ISDA).<\/p>\n

It appears regulators are now turning their attention toward the CDS market<\/strong>, its problematic self-regulatory structure, the myriad of conflicts of interest, the potential avenues for manipulation by large dealers and the opaque and potentially self-serving manner in which determinations of \u201ccredit events\u201d are privately decided by ISDA\u2019s Determinations Committees (DCs). A growing volume of news stories, the publication of several new academic papers, the reversal of Dodd-Frank\u2019s \u201cPush-Out\u201d rule which would have forced banks to move their derivatives out of the depository, and the DCs\u2019 handling of several recent questions have only served to increase regulatory concerns and cause some to point out numerous similarities between the various manipulation scandals, the possibility of manipulations in the CDS market and the implications to the global economy.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Is The CDS Market Manipulated? | Zero Hedge. Credit Event, Or Not? Is Another Market Being Manipulated?\u00a0(pdf) As investors and market participants become increasingly aware of the regulatory failures that allowed for manipulation of LIBOR, FOREX, municipal bond bidding and certain commodities markets,\u00a0regulatory sources are increasingly expressing concern that they have paid too little attention […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1626,2287,503],"class_list":["post-3804","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cds","tag-isda-determinations-committee","tag-market-manipulation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3804"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3804\/revisions"}],"predecessor-version":[{"id":3805,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3804\/revisions\/3805"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}