Banks face CDS lawsuit from Danish pension funds

Twelve U.S. banks have been accused by four Danish pension funds of conspiring to control prices by using their influence over clearing, data and other entities to restrict access to the credit default swaps market. The complaint alleges that the banks used their control over ISDA and data provider Markit Group to prevent or postpone exchanges' acquisition of licenses to offer CDS trading.

View Full Article in:

Reuters · Wall Street Journal (tiered subscription model), The

Published in Briefs: