On September 2, ISDA wrote to the National Bank of Romania (NBR) to highlight certain issues in the context of the local implementation of the EU Bank Recovery and Resolution Directive (BRRD) in light of the recently amended netting legislation in Romania. These observations take into account the ISDA briefing note on Art.77(1) BRRD that is intended to assist EU member states in implementing the relevant provisions of that directive.
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ISDA & EMTA Market Practice 45
ISDA & EMTA jointly published the attached updated market practice regarding the determination of barrier events for Brazilian Real non-deliverable continuously monitored barrier option transactions.