Credit Default Swaps

The following article describes Blackrock Capital’s desire to revive the CDS market.

Why Would Anyone Want to Restart the Credit Default Swaps Market?

Please indicate whether you favor a return to an active CDS market. Consider:

– what is any limits you would like to see imposed on it (e.g. hedging only vs. speculation; return to single issuer products vs. indices);

– how regulated the market should be; and

– the role of accounting (if any) in a functioning market.