Request for Clarification and Relief Under Section 774 of Dodd-Frank

Letter to Securities and Exchange Commission from American Bankers Association, Financial Services Roundtable, Futures Industry Association, Institute of International Bankers, International Swaps and Derivatives Association, Investment Company Institute, Securities Industry and Financial Markets Association, U.S. Chamber of Commerce

Documents (1) for Request for Clarification and Relief Under Section 774 of Dodd-Frank

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...