Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

New Basel Proposal could disrupt Financial CDS

|Includes:BAC, BBT, BCS, BK, BMO, BNS, C, CM, COF, CS, DB, FAS, FAZ, FITB, Goldman Sachs Group Inc. (GS), HSBC, JPM, KEY, LUK, MER, MS, MTB, MTU, NFB, NMR, NTRS, PNC, PSCF, RF, RJF, RY, STI, STT, TD, UB, UBS, USB, WFC, XLF
A new proposal being floated by the Basel Committee (NYSE:BC) aimed at preventing and dealing with future banking crises could throw a wrench in the way credit derivative markets covering financial single-names currently function.



Disclosure: long all stocks
Stocks: GS, BAC, MS, BCS, MER, NMR, JPM, C, UBS, CS, DB, MTU, HSBC, XLF, PSCF, FAS, FAZ, TD, BMO, BNS, CM, RY, LUK, STI, BBT, USB, KEY, RJF, NFB, WFC, PNC, COF, BK, STT, FITB, RF, NTRS, UB, MTB