Industry associations respond to notice of proposed rule-making on single counterparty credit limits

On June 3, 2016, ISDA, The Clearing House Association, the American Bankers Association, the Financial Services Roundtable and the Securities Industry and Financial Markets Association jointly responded to the Board of Governors of the Federal Reserve System’s notice of proposed rule-making implementing single counterparty credit limits for domestic and foreign bank holding companies with total consolidated assets of $50 billion or more.

Documents (1) for Industry associations respond to notice of proposed rule-making on single counterparty credit limits

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...