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New Basel Proposal could disrupt Financial CDS

Aug. 23, 2010 1:56 AM ETGS, BAC, MS, BCS, MER, NMR, JPM, C, UBS, CS, DB, MUFG, HSBC, XLF, PSCF, FAS, FAZ, TD, BMO, BNS, CM, RY, LUK-OLD, STI, TFC, USB, KEY, RJF, NFB, WFC, PNC, COF, BK, STT, FITB, RF, NTRS, UB, MTB
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A new proposal being floated by the Basel Committee (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.



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