Regulatory body favours "stays" on swaps trades in a time of crisis
Global regulator the Financial Stability Board (FSB) has
backed a plan to allow international authorities more time to
formulate a resolution plan if a bank is facing default.
The plan will allow regulators to enforce a "stay" on
derivatives trades to ensure counterparties fulfil their
obligations and do not invoke an early termination clause in
their contracts in the case of a bank suffering financial
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