The National Economic Research Associates demonstrated how economic analysis can be used to assess allegations related to credit default swaps and the creditworthiness of a company.
News & Insights
ISDA updated its Model Netting Act, which provides a template for jurisdictions considering enforcing close-out netting.
ISDA added a Japanese jurisdictional module to its Resolution Stay Jurisdictional Modular Protocol. The new module is intended to facilitate compliance with Japanese regulations that require contractual stays to be included in certain financial contracts that are not governed by Japanese law.
ISDA launched a Resolution Stay Jurisdictional Modular Protocol intended to help market participants comply with newly amended regulations relating to the cross-border enforceability of stays on contractual termination rights.
ISDA published the 2015 ISDA Universal Resolution Stay Protocol (the "2015 ISDA Protocol") which "enables parties to amend the terms of their Protocol Covered Agreements to contractually recognize the cross-border application of special resolution regimes applicable to certain financial companies and support the resolution of certain financial companies under the United States Bankruptcy Code." In addition, SIFMA, the International Capital Market Association ("ICMA") and the International Securities Lending Association ("ISLA"), in coordination with ISDA and the Financial Stability Board