The Fed commitment letter process is alive and well, say Isda panellists

FSA headquarters

The regular set of voluntary industry commitments made to the Federal Reserve Bank of New York – known as the Fed letters – will continue with an expanded list of signatories and a broader role, according to panellists at a conference held in London by the International Swaps and Derivatives Association yesterday. "The process definitely has a future – it needs to evolve," said David Bailey, manager, over-the-counter derivatives and post-trade policy, at the Financial Servic