Deadline looms for Isda group on resolution protocol

Working group still grappling with capital, timing, bankruptcy issues


A little over a week after this article is published, over-the-counter derivatives dealers are expected to make a leap of faith. A working group representing 18 banks is due to agree terms for the surrender of one of the OTC market's fundamental protections – the no-mess, no-fuss right to terminate a trade when a counterparty defaults.

If that counterparty is a big dealer – and if regulators are trying to put it back on an even keel – those termination rights could jeopardise the financial

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: