ISDA to Release Details on Committee’s Credit Swaps Decisions
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The International Swaps and Derivatives Association will begin publishing details of the committee meetings held by banks and investors that determine when credit-default swaps are triggered.
At the end of each meeting, the New York-based industry and lobbying group will release a statement on the issues considered, any resolution that was reached and the next steps in the process, the group said in a statement today. The regional committees, which in 2009 were given the authority for deciding so-called credit events for the $25 trillion market, have typically only disclosed their voting results without details of the issues discussed.