ISDA Triggers Credit Event On Greece

David Geen, general council at the International Swaps and Derivatives Association, told CNBC, "the next thing to happen is the auction that happens on the 19th and the next stage in the process is that the DC has to determine which bonds are going to be priced in the auction."

Watch: ISDA Triggers Credit Event On Greece

Response to SEC on FICC Guaranty Fund

On September 1, ISDA and FIA submitted a joint response to the US Securities and Exchange Commission (SEC), supporting the Fixed Income Clearing Corporation’s (FICC) proposal to establish a dedicated guaranty fund at its government securities division (GSD). FICC had...