Financial Stability

Banks not properly following netting rules left vulnerable to enforcement actions

By Eric Mueller
BRR fallback image

The International Swaps and Derivatives Association’s (ISDA), citing data from the Bank for International Settlements (BIS), has noted: “Market participants reduced their mark-to-market exposure by about 78.7% at year-end 2020 as a result of close-out netting.”

However, while prudentially regulated financial institutions have implemented broad processes to address regulatory requirements ...

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