Note sent to the Basel Trading Book Group on CVA as part of ISDA’s comments on the Fundamental Review of the Trading Book

Documents (1) for Note sent to the Basel Trading Book Group on CVA as part of ISDA’s comments on the Fundamental Review of the Trading Book

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...