ISDA’s Comments on Further Definition of “Swap Dealer,” “Security-Based Swap Dealer,’’ “Major Swap Participant,” “Major Security-Based Swap Participant’’ and “Eligible Contract Participant”

Documents (1) for ISDA’s Comments on Further Definition of “Swap Dealer,” “Security-Based Swap Dealer,’’ “Major Swap Participant,” “Major Security-Based Swap Participant’’ and “Eligible Contract Participant”

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...