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[Testimony discusses] (1) the extent to which U.S. financial regulators and the UK regulator oversee credit default swaps (CDS) risks and challenges that CDS present to the stability of financial m...
[Testimony discusses] (1) the extent to which U.S. financial regulators and the UK regulator oversee credit default swaps (CDS) risks and challenges that CDS present to the stability of financial markets and institutions and similar concerns that other products may pose, and (3) the recent steps that financial regulators and the industry have taken to address risks posed by CDS and whether similar efforts may be warranted for other financial products.