WORKING PAPER Credit Default Swaps, Clearinghouses, and Exchanges Squam Lake Working Group on Financial Regulation July 2009 1 Squam Lake Working Group on Financial Regulation The Squam Lake Working Group on Financial Regulation is a nonpartisan, nonaffiliated group of fifteen academics who have come together to offer guidance on the reform of financial regulation. The group first convened in fall 2008, amid the deepening capital markets crisis. Although informed by this crisis—its…
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