ISDA/GFMA/ABA/FSR/IIB/IIF response to Revised Basel III leverage ratio framework and disclosure requirements (Proposed Framework)

On September 20, the Global Financial Markets Association (GFMA), American Bankers Association, Financial Services Roundtable, Institute of International Bankers, Institute of International Finance (IIF) and the International Swaps and Derivatives Association (collectively, the Associations) responded to the June 2013 Consultative Document "Revised Basel III leverage ratio framework and disclosure requirements (Proposed Framework)" issued by the Basel Committee on Banking Supervision (BCBS) of the Bank for International Settlements (BIS).

Documents (1) for ISDA/GFMA/ABA/FSR/IIB/IIF response to Revised Basel III leverage ratio framework and disclosure requirements (Proposed Framework)

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...