Response to ESMA consultation paper on Benchmarks RTS

On December 2, ISDA, the FIA and SIFMA jointly responded to a consultation paper by the European Securities and Markets Authority on regulatory technical standards (RTS) for the Benchmarks Regulation. The response requested a number of clarifications including on the third-country regime, transitional provisions and scope.

Documents (1) for Response to ESMA consultation paper on Benchmarks RTS

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...