The UK's Financial Services Authority (FSA) is reviewing with concern the impact the explosive growth of the credit derivative market could have on future bankruptcies.
The FSA announced it would be undertaking an 18-month "fact-finding exercise involving trade associations and experienced market practitioners" to assess the impact of credit derivatives in November last year. However, the FSA is likely to present its findings as early as this June, IFLR can reveal.
Officials at the regulator...