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OTC Derivatives Oversight Strengthened

COMPLIANCE

PWG's top near-term OTC derivatives priority is to oversee the successful implementation of central counterparty (CCP) services for credit default swaps (CDSes), according to a statement by the PWG.

"A well-regulated and prudently managed CDS central counterparty can provide immediate benefits to the market by reducing the systemic risk associated with counterparty credit exposures. It also can help facilitate greater market transparency and be a catalyst for a more competitive trading

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