ISDA

Low volume swaps users including fund managers and institutional investors could exit derivatives if the Financial Stability Board (FSB) suspends counterparties’ early termination rights on swaps transactions during US bankruptcy proceedings.

Industry associations including the Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have sent a letter to the Financial Stability Board (FSB) expressing concern about the potential suspension of counterparties’ early termination rights on swaps transactions during US bankruptcy proceedings.

Industry lobby calls for BCBS to loosen requirements on direct clearing member banks

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