ISDA is working to create subcommittees of various non-dealer derivatives users to address interests and concerns not represented by existing dealer-dominated committees. The first subcommittee--which will fall under an existing umbrella group of all non-dealer derivatives users, from insurance companies and pension funds to hedge funds and the World Bank--will likely consist of French asset managers because they are a large group with unique legislative and regulatory challenges, Summe said.
Derivatives User Committees In The Cards
