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GC Asia
ISDA rules B&B subordinated bond default was a credit event
The new EMEA credit determinations committee of the International Swaps and Derivatives Association yesterday (Thursday) determined that the failure of UK bank Bradford & Bingley to pay interest on some subordinated bonds constitutes a credit event and an auction is now in the offing.
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Latest news from FIG
-
A close call for this year’s covered bond awards
03.45 PM -
Embattled HSBC to press on with restructuring
02.30 PM -
EC’s proposed LCR amendment to disrupt Lux' covered bonds
12.00 PM -
BoE proposes closer look at lev ratio framework
11.45 AM -
Covered Bond Awards poll closes in less than two weeks
11.15 AM
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