Suspension of early-termination rights raises concerns

11/8/2013 | Risk.net (subscription required)

Regulators from the U.S., U.K., Germany and Switzerland have asked ISDA to include a short-term suspension of early-termination rights in its master agreement when it comes to bank resolutions. Many derivatives market participants oppose the move. The regulators say the suspension, preferably no more than 48 hours, gives resolution officials time to switch derivatives contracts to a third party or bridging entity, when necessary. Read ISDA's statement on early termination.

View Full Article in:

Risk.net (subscription required)

Published in Brief: