Trichet Speaks

Written March 19, 2010 at 4:29 AM EST by  

SpeakingĀ at a conference on crisis management framework, ECB President Jean-Claude Trichet made the following statements:

  • There is a need to strengthen longer-term confidence.
  • Need more transparency in CDS markets.
  • Must strengthen the financial system to reduce contragion risk.
  • Need central counterparty facilities for CDS.

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