For over five years now, mandatory clearing of OTC derivatives has been at the top of the agenda for many market participants across the globe. The US has successfully implemented clearing procedures, and now is in the process of resolving outstanding issues in its clearing infrastructure.
January 26th, 2012 Kamakura Releases Robert Jarrow Research Paper “Problems with Using Credit Default Swaps To Infer Default Probabilities”
October 18th, 2011 Moody's Analytics Launches Enhanced Probability of Default For Banks Dealing with Basel III
November 19th, 2010 S&P Expands its Probability of Default Coverage
May 28th, 2010 European CCPs Publish Default Management Guideline