No-Action Relief Request Addendum: Data Privacy

An addendum to the June 21, 2013 No-Action Relief Extension Request, in order to address difficulties faced by member firms under the privacy regulations of other jurisdictions which allow counterparty consent to overcome data privacy concerns.

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...