End-users push back on termination rights delay
Derivatives end-users have expressed alarm about a renewed push for a short-term suspension of early termination rights, following a joint letter from four regulators calling for revisions to the International Swaps and Derivatives Association master agreement.
The letter, signed by Bank of England governor Mark Carney, Elke König, president of the Bundesanstalt für Finanzdienstleistungsaufsicht, Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation and Patrick Raaflaub, chief
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