Trade association said the new board members will be named in the first quarter
Trade body the International Swaps and
Derivatives Association (Isda) said on Tuesday it had voted to
increase the size of its board to 30 members from 26 to reflect
the changing diversity of the firms it represents.
The trade body, which represents some of
the world’s largest banks, said the move would
broaden the perspective and scope of the board by electing
members that represent the growing diversity of the market.
Isda chair Eric Litvack said: "Changes in
regulation and market structure are altering the dynamics of
the derivatives market, and are resulting in the entrance of a
variety of new participants. The expansion ensures the
composition of the Board reflects Isda’s already
broad and diverse membership."
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.