France's Lagarde says sovereign CDS market needs more regulation

02/22/2010 | Wall Street Journal, The

Christine Lagarde, finance minister for France, said the market of sovereign credit default swaps needs stricter regulation. "The sovereign CDS market is a narrow one, with few players," Lagarde said. "It's a market that needs better regulation." Lagarde also said the eurozone's debt issues are partially because of speculation.

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