Briefing: Getting to the heart of the matter

Q: Victor Anderson (moderator): While a number of organisations have made strides in the area of credit derivatives confirmations and alleviating the associated backlog in the processing of these instruments, failed trades and trade errors have risen over the last year. How much of that impacts the buy side?Julian Day, European policy director, International Swaps and Derivatives Association (ISDA): I think the word ‘backlog’ is over used. In reality the population of outstanding confirmatio