ISDA/SIFMA’s Comments on Business Conduct Standards for Swap Dealers and Major Swap Participants With Counterparties

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...