The International Swaps and Derivatives Association, Inc. (ISDA) today announced the outcome of the annual process to determine members of ISDA's five regional Determinations Committees (DCs), which together comprise the global decision-making structure around events in the credit default swaps (CDS) industry.
“The Determinations Committees have proved themselves to be an important and effective part of the credit derivatives market infrastructure since their establishment in 2009,” said David Geen, general counsel, ISDA. “We recognise the time and commitment of the institutions that make up the DCs and would like to thank all of those involved.”
The firms, which will serve on the committees effective April 28, 2014 (unless otherwise noted), are set out below:
Voting Dealers (for all regions):
Bank of America N.A.
Barclays Bank plc
BNP Paribas
Citibank, N.A.
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International plc
Consultative Dealer (for all regions):
Société Générale
Voting Non-Dealers (for all regions):
D.E. Shaw & Co., L.P.: effective April 2014
Eaton Vance: effective April 2014
BlueMountain Capital Management, LLC: effective July 2014
Pacific Investment Management Company LLC: effective July 2014
Elliott Management Corporation: effective November 2014
Regional Dealers:
Americas Voting Dealers:
Credit Suisse International
Nomura International plc
Americas Consultative Dealer:
Mizuho Securities Co., Ltd.
Europe Voting Dealers:
Credit Suisse International
Nomura International plc
Europe Consultative Dealer:
Mizuho Securities Co., Ltd.
Japan Voting Dealers:
Nomura International plc
Mizuho Securities Co., Ltd.
Japan Consultative Dealer:
Credit Suisse International
Asia Ex-Japan Voting Dealers:
Credit Suisse International
Nomura International plc
Asia Ex-Japan Consultative Dealer:
Mizuho Securities Co., Ltd.
Australia / New Zealand Voting Dealers:
Credit Suisse International
Nomura International plc
Australia / New Zealand Consultative Dealer:
Mizuho Securities Co., Ltd.
