ISDA Seeks Delay On Basel CVA Rule

27 Feb 2012

The International Swaps and Derivatives Association is asking the Basel Committee on Banking Supervision to delay implementing a rule on credit value adjustment for credit derivatives.

The International Swaps and Derivatives Association is asking the Basel Committee on Banking Supervision to delay implementing a rule on credit value adjustment for credit derivatives. The issue is the lack of agreement on defining CVA.

“Our response at this moment is, ‘Don’t do anything until we understand ...

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