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 Services Authority (FSA). A

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