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Doesn't seem that way to me. It has to do with maintaining an orderly
market. They're worried about the interruption of a company's operations
leaving open and unfulfilable contracts. That might trigger financial
difficulties with the counterparties of those contracts.
Seems to be a smart idea whose time is overdue.
Regards,
Mike
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 16, 2001 10:45 AM
Subject: [RT] DJ Greenspan, O'Neill Press For Derivatives Insolvency Law
> http://news.ino.com/intraday/?storyid=DJN620049801
>
> is this a sign that the powers that be are getting worried about major
> derivitives failures?
>
>
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