Part of warfare is knowing when a battle is lost, minimising casualties, and redeploying troops to territory that can be successfully defended. Derivatives dealers know the drill. Having opposed plans for the margining of uncleared over-the-counter trades since they were first proposed in July last year, the International Swaps and Derivatives Association has now convened a committee that will design a standard model for use in the new regime.
The war is not over – Isda pledged to continue figh
The week on Risk.net, 14-20 April, 2018Receive this by email