Novo Banco CDS heads to external review as ISDA hits deadlock
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Novo Banco CDS heads to external review as ISDA hits deadlock

Novo Banco branch 230x150

ISDA’s EMEA Determinations Committee has referred Novo Banco credit default swaps to an external review, after failing to achieve a “supermajority” with its binding vote on whether the Portuguese bank has triggered a government intervention credit event.

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