SEC finds no evidence of lost liquidity in single-name CDSs
Quant Congress USA: data shows stable liquidity for clearable CDSs, official claim
A senior staffer at the US Securities and Exchange Commission (SEC) has denied claims that the agency's failure to mandate central clearing of single-name credit default swaps (CDSs) has hurt liquidity in the asset class.
"I am not aware that we have documented a significant and strong downward trend in liquidity [in the absence of] mandatory clearing for more reference entities," said Jennifer Marietta-Westberg, deputy director and deputy chief economist at the SEC. "If we had strong evidence
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