FCA and US Agencies on Addressing Issues in Credit Derivatives Market

The statement highlights that the adverse effects of opportunistic strategies in the credit derivatives markets raise various issues under securities, derivatives, conduct, and anti-fraud laws, in addition to the public policy concerns. These opportunistic strategies include but are not limited to those that have been referred to as "manufactured credit events" and they may adversely affect the integrity, confidence, and reputation of the credit derivatives markets. The collaborative efforts of the agencies to address these concerns would not preclude other appropriate actions by the respective agencies or authority.

Related Link: Press Release

Keywords: Americas, Europe, US, UK, Banking, Securities, Credit Derivatives, Credit Risk, Opportunistic Strategies, Supervisory Cooperation, FCA, CFTC, SEC