The Federal Reserve Bank of New York has summoned participants in the credit default swap market to another meeting this Friday, The Wall Street Journal reported late Wednesday.

The meeting would be the second this week as regulators wrestle with rival solutions to streamline the market and reduce counterparty risk through the creation of one or more central clearing houses, the paper reported.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.