Press Release
February 16 Meeting on Credit Derivatives
January 12, 2006

NEW YORK—The Federal Reserve Bank of New York has scheduled a meeting on February 16, 2006, to follow up on issues and major developments in the credit derivatives markets since its September 15, 2005, meeting.

At the February 16 meeting, major market participants and their domestic and international supervisors will discuss progress against commitments outlined in the industry letter of October 4, 2005. That letter, along with an additional letter dated December 16, 2005, to the New York Fed, is available below.

Participants' letter of Oct 4, 2005 PDF
3 pages / 28 kb
Participants' letter of Dec 16, 2005 PDF
1 pages / 8 kb

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