Investment Dealer’s Digest looks at last 12 months. “This is the worst I have ever seen,” former Salomon exec said. IDD has numbers: IPO volume and merger deals way down, and securitization deals at level not seen in over a decade.
NYT Columnist writes about the temp. rule that made it harder to short some financials — may have helped raise prices and reduce volume. Rule expired Tuesday.
Reining in CDS market - Rising Priority for Regulators. NYT columnist writes, one positive of heightened regulatory interest is a push to make participants more scrupulous about assigning proper values to credit insurance stakes. Rude awakening for many players?