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The US DOJ issues positive Business Review Letter to financial derivatives trade organization for its proposed amendments to address interest rate benchmarks (International Swaps and Derivatives Association)

Justice Department Issues Favorable Business Review Letter To ISDA For Proposed Amendments To Address Interest Rate Benchmarks* The Department of Justice’s Antitrust Division announced today that it has completed its review of the proposal by the International Swaps and Derivatives Association Inc. (ISDA) to amend its standardized model documentation for derivatives to account for the potential discontinuation of certain interbank offered rates (collectively referred to as “IBORs”). The department has concluded, based on the representations in ISDA’s letter request, including its description of certain safeguards, that ISDA’s proposed amendments to its standardized

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US Department of Justice Antitrust Division, The US DOJ issues positive Business Review Letter to financial derivatives trade organization for its proposed amendments to address interest rate benchmarks (International Swaps and Derivatives Association), 1 October 2020, e-Competitions November 2020 - II, Art. N° 97006

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