• After the Big Bang: The New Credit Default Swap Landscape
  • March 30, 2009 | Authors: Howard T. Spilko; Fabien Carruzzo
  • Law Firm: Kramer Levin Naftalis & Frankel LLP - New York Office
  • The Big Bang bell has sounded for participants in the credit default swaps industry. As part of an effort to enhance the infrastructure of the CDS market, increase transparency, foster operational efficiency and, last but not least, promote asset fungibility, market participants have developed significant amendments to the contractual provisions governing credit derivative products.