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Isda adds lots of committees

Wednesday, December 2, 2009

OTC derivative trade body Isda has announced that it has created what it describes as a new governance structure for deciding market practice issues. This involves the creation of a new industry governance committee and steering committees for each of the four main asset classes including credit. All these committees will sit above what is described as the implementation layer – that is the existing working groups and other forums that discuss industry issues.

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