Buy side attacks Isda early termination protocol

Lawyers and funds allege lack of consultation in crucial too-big-to-fail fix One buy-side lawyer calls it "absurd" and "insane". Another says her clients will "go ballistic" when they see the details. Both are talking about the newly minted Isda Resolution Stay Protocol, which restricts the rights of derivatives users to immediately close out contracts when a stricken dealer ...Read the full article