Regulator explains history and mechanics of CDS market, and its part in recent banking crisis. Argues for tighter regulation. Long, sometimes heavy going, but clear and not overly technical
Date of publication online:
9 March 2010 Original URL:
http://blogs.wsj.com/marketbeat/2010/03/09/cftc-chair-gary-gensler-address-to-markit-otc-derivatives-markets-conference/