The National Conference Insurance Legislators' Model CDS Bill
Client Memorandum

Created date


The National Conference of Insurance Legislators (“NCOIL”) is drafting model legislation (the “Model Bill”) that would subject credit default swaps (“CDS”) to a state regulatory regime closely modeled on that regulating financial guaranty insurance in New York. This memorandum discusses NCOIL’s plans for a state CDS regulatory regime and explores the implications of such a regime on the CDS market.