Global regulators ask ISDA to amend master agreement

The Federal Deposit Insurance Corp., the Bank of England and others have asked ISDA to consider amending its master agreement to include a short-term delay in contract closings in the event a large bank fails. "We are committed to working with supervisors and regulators around the world to achieve an appropriate solution that will contribute to safe, efficient markets," ISDA said in response to the request. Read ISDA's statement.

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