ISDA EMEA Credit Derivatives Determinations Committee: Irish Bank Resolution Corporation Limited

Date 13/02/2013

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Irish Bank Resolution Corporation Limited.

The EMEA Determinations Committee agreed to hold a separate meeting on February 14, 2013 to discuss whether one or more Auctions should be held.

ISDA will publish further information on its website, www.isda.org/credit, in due course.

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