I read your column every night while I eat Seamless at my desk - I especially love your recent takes on manufactured defaults in the CDS market.
Lately, it seems like the pressure has been ratcheting up on ISDA to figure out a way to prevent / solve these. I’m curious what decision you would make if it were up to you, and if you think ISDA will even be able to come to a solution that will be accepted by market participants, especially other regulators (namely the CFTC)?
blombows27 karma
I read your column every night while I eat Seamless at my desk - I especially love your recent takes on manufactured defaults in the CDS market.
Lately, it seems like the pressure has been ratcheting up on ISDA to figure out a way to prevent / solve these. I’m curious what decision you would make if it were up to you, and if you think ISDA will even be able to come to a solution that will be accepted by market participants, especially other regulators (namely the CFTC)?
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