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18 banks agree to new protocol from January
Published Sun, Oct 12, 2014 · 09:50 PM
London
THE US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
The International Swaps and Derivatives Association (ISDA) and 18 major banks that dominate the market will now allow financial watchdogs to apply tempo…
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