ISDA appointed Katherine Tew Darras General Counsel. As General Counsel, Ms. Darras will lead initiatives to develop legal standards, documentation and protocols to facilitate compliance with new derivatives regulations. New initiatives will address margin rules for non-cleared derivatives, the expansion of the ISDA Resolution Stay Jurisdictional Modular Protocol, and the ongoing publication of close-out netting, collateral and clearing opinions.
Commentary
This is a well-deserved promotion for Katherine Darras who is a highly respected attorney and well qualified for this important position.
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