Buy side attacks Isda early termination protocol

Lawyers and funds allege lack of consultation in crucial too-big-to-fail fix

The Bank of England
The Bank of England: one of the regulators that pushed for the protocol

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 Sta