Moscow. December 7. The us regulator conducts a review, not whether banks engage in collusion to set prices in the derivatives market, which allows investors to bet on credit risk, said the Agency Bloomberg informed source.
The Commission on securities and exchange Commission (SEC) is studying whether the banks acted collectively and did not lead to the distortion of quotations on the market index on credit-default swaps, said the source on condition of anonymity in connection with the non-public nature of the inquiry.
The volume of this market is estimated at around $6 trillion.
The SEC is trying to determine, not whether the banks had provided false information about the value of indexes. The investigation concerns both actively traded and less liquid contracts.
The official representative of the Board Judy burns declined to comment.