ISDA Letter to US Prudential Regulators on Revised Margin Requirements

On December 9, 2019, ISDA responded to the Notice of Proposed Rulemaking and Request for Comments regarding Margin and Capital Requirements for Covered Swap Entities issued by the US prudential regulators.  The proposed rulemaking extends the phase-in period for initial margin, preserves the legacy status for swaps amended due to the IBOR transition and certain post-trade events, and removes the obligation for affiliates to exchange initial margin.

Documents (1) for ISDA Letter to US Prudential Regulators on Revised Margin Requirements

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...