Extraterritoriality, uncleared margin and futurisation – ISDA on OTC derivatives reform

RISK SUBSCRIPTION REQUIRED. The first clearing mandates came into force in the US on March 11, but there is still plenty of uncertainty about how certain parts of the new regulatory framework will function. In this roundtable discussion, Nick Sawyer talks to ISDA Chairman Stephen O’Connor and ISDA Vice-Chairman Eric Litvack about the clearing mandates, extraterritoriality and uncleared margin rules.

Watch: Extraterritoriality, uncleared margin and futurisation – ISDA on OTC derivatives reform

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...