Geithner urges electronic trading of OTC derivatives. This includes CDSes or credit default swaps.
The U.S. Treasury will tell banks to increase transparency in the over-the-counter derivatives market by making prices available on centralized computer platforms, according to people familiar with the plan.
Electronic execution of trades including interest-rate and credit-default swaps would allow users of the financial instruments to get greater price transparency and make processing trades easier. Transactions in the $684 trillion over-the-counter derivatives market are now typically conducted over the phone between banks and customers.
Now it is very unclear if this is a suggestion or an actual rule.
I'll update this post with any press release from the U.S. Treasury office.