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Iosco issues recommendations to bolster ABS, CDS markets

A body of international regulators Friday published a final set of recommendations designed to increase confidence and bolster trading in the global asset-backed securities and credit derivatives markets.

Regulators around the world should consider forcing banks to take an economic interest in the asset-backed securities deals they originate and promote central clearing and standardisation of credit default swap trades, said a task force of the International Organization of Securities Commissions.

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