Hedge Funds Attorney Discusses Banks Agreement to ISDA Swap Stay Protocol in Pensions & Investments

Hedge funds counsel Molly Moore (Washington, D.C.) is quoted in an Oct. 27 Pensions & Investments article examining an agreement among 18 major global banks to adopt protocol introduced by the International Swaps and Derivatives Association (ISDA) and designed to help reduce systemic risk. The resolution will allow banks to delay the wind-down of swaps when one party is in financial stress. Ms. Moore notes, “There aren't a lot of options with derivatives (for asset owners)…It's going to be a condition for anyone using swaps. Our message to clients has been that right now we need to keep an eye on it, because this will be a big issue in 2015.”