Ball in buyside court as Fed pushes stay rules for financial contracts

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Ball in buyside court as Fed pushes stay rules for financial contracts

The efforts of regulators to curb the potential for systemic shock caused when big banks fail took a step forward this week, as the US Federal Reserve Board proposed rules that would enforce stays on contractual termination rights between counterparties in different countries. But there are still strong incentives for buyside participants to oppose the plans.

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