ISDA, GFMA & IIF response to the Consultative Document Fundamental Review of the Trading Book Rules on Liquidity Risk

On August 15, the Associations (ISDA, GFMA, IIF) sent a covering letter and further response to the Trading Book Group of the BCBS on the Fundamental Review of the Trading Book Rules, studying the measurement of liquidity risk. It continues the recent series of additional detailed feedback papers following the first Industry Response in September 2012.

Documents (2) for ISDA, GFMA & IIF response to the Consultative Document Fundamental Review of the Trading Book Rules on Liquidity Risk

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...