CDS panel revamp wins support, but questions linger
Role of independent members, transparency and funding of enhanced committee yet to be decided
Recommended reforms to the credit default swap determination committees (DCs) have been well received by market participants, but questions around transparency, funding and the role of independent members are still to be resolved.
Law firm Linklaters released recommendations for potential changes to the DC in April last year, to address shrinking participation on the committee and assuage concerns around perceived conflicts of interest.
One key recommendation was to expand the committees to
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