Joint Response to BCBS G-SIB Window Dressing Consultation

On June 7, ISDA, the Global Financial Markets Association and the Institute of International Finance submitted a joint response to the Basel Committee on Banking Supervision’s (BCBS) consultation on the revised assessment framework for global systemically important banks (G-SIBs). The associations believe the focus of the consultation – perceived window-dressing behavior – is not founded on robust evidence. The feedback is therefore intended to help achieve higher-quality data over the financial year to support the G-SIB assessment framework, rather than focusing on purported window-dressing behavior.

Documents (1) for Joint Response to BCBS G-SIB Window Dressing Consultation

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...