The Lehmans Brothers default: an assessment of the market impact

CESR has published a report on the Lehmans Brothers default summarizing the events leading up to the default and briefly describing measures which should be considered to prevent such situations from occurring again.

Preliminary recommendations for central counterparties as amended for OTC derivatives

CESR and the European System of Central Banks have commenced consultation on preliminary recommendations for central counterparties as amended for OTC derivatives.