ISDA Chairman warns on derivatives rules

Stephen O’Connor, ISDA chairman and a managing director at Morgan Stanley, tells the FT’s Michael Mackenzie that Dodd-Frank derivatives rules could impose different regulations across borders, which would impact banks caught in the middle and potentially be bad for liquidity.

Watch: ISDA Chairman warns on derivatives rules

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...