Greece and Credit Default Swaps: Bucking the ISDA Cartel
Category: BUSINESS
The disputes over credit default swaps on Greece highlight the fact that most participants in the credit derivatives market are at the mercy of ISDA when it comes to interpretation of ISDA's language. The only solution to that is to exercise one's rights.
By Janet Tavakoli, Contributor
President, Tavakoli Structured Finance, 2012-03-03