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Dear ISDA...Proposals to Suspend Swap Termination Payments!



by Jennifer Kafcas
Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office

November 29, 2013

Previously published on November 25, 2013

Earlier this month, Mark Carney, the Governor of the Bank of England together with Dr. Elke König, the President of BaFin, Martin Gruenberg, the Chairman of the US FDIC and Patrick Raaflaub, the CEO of the Swiss Financial Market Supervisory Authority wrote a letter to the International Swaps and Derivatives Association (ISDA) voicing their collective concerns that (notwithstanding numerous regulatory changes) there is still the need to manage systemic risk in the investment banking system.


 

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