Commentary: Wind-down plan for banks hits derivatives snag

11/19/2013 | BreakingViews.com

Regulators in Europe and the U.S. are striving to standardize contracts to streamline the winding down of troubled banks. However, a "seemingly small derivatives detail could sink global bank wind-down plans," Daniel Indiviglio writes. Regulators have asked ISDA to resolve the issue by altering its master agreement for swaps. Doing so, however, could raise other issues.

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