SEC Issues Statement on Credit Derivatives Markets
June 24, 2019
June 24, 2019
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following joint statement by Chairman Jay Clayton, Chief Executive Andrew Bailey and Chairman J. Christopher Giancarlo on the credit derivatives markets:
"The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as 'manufactured credit events,' may adversely affect the integrity, confidence and reputation of t . . .
"The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as 'manufactured credit events,' may adversely affect the integrity, confidence and reputation of t . . .