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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