Moving all the 'off-book' financial contracts, written between financial institutions on a principal-to-principal basis, to the organized futures exchanges, will be the cure.
 
Uncertainty of price breeds mistrust.
 
We are close to the end of uncertainty when a path forward is outlined.
 
See:
 
NEW YORK, Oct 10 (Reuters) - IntercontinentalExchange Inc (ICE.N: Quote,)
said on Friday it is building its own credit-default swaps platform,
setting the stage for a battle for a piece of the exchange-based clearing of CDS with CME Group (CME.O: Quote, Profile, Research, Stock Buzz),
which announced its own solution with Chicago-based hedge fund Citadel Investment Group earlier this week.
 
On Friday, the Federal Reserve Bank of New York hosted a meeting about industry progress to create a central counterparty for CDS.
The meeting was attended by ICE, as well as by Eurex, the derivatives unit of Deutsche Boerse (DB1Gn.DE: Quote ), NYSE Euronext (NYX.N: Quote), and CME Group and Citadel.
 
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1052652820081010