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EU: Commission broadens probe of $700 trillion credit default swaps sector

By  |  March 26, 2013
EU: Commission broadens probe of $700 trillion credit default swaps sector

The European Commission has announced an expansion of its in-depth antitrust probe into the credit default swaps sector. The body announced Tuesday that its investigation will include the International Swaps and Derivatives Association, noting that “preliminary indications” have suggested that the ISDA may have helped to limit competition by aiding investment banks to prevent rivals from entering the market. According to reports, the investigation is working to bring under a control a market – worth $700 trillion – that many criticize as having a lack of transparency.

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