In late June, Greece closed the Athens Stock Market for two weeks, while the government hammered out a bailout deal with its creditors.
But US regulation doesn't cease to apply even in these extraordinary circumstances, and the closure of the exchange "highlights the need for fair valuation of securities that trade in Athens," said a newsletter released by data vendor Markit to its fair value clients during the closure.
Under US Securities and Exchange Commission rules, certain US-based investor
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails