• Dear ISDA...Proposals to Suspend Swap Termination Payments!
  • November 29, 2013 | Author: Jennifer Kafcas
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • Earlier this month, Mark Carney, the Governor of the Bank of England together with Dr. Elke K├Ânig, 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.