Template:M intro isda Party A and Party B: Difference between revisions

Template:M intro isda Party A and Party B (view source)

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 {{smallcaps|What is in}} a name?
-This may be to draw a long bow, but you could, and the JC does, make the case that over-emphasising ''formal' bilaterality, and ignoring ''substantive'' asymmetry, has led the regulatory dance into the wrong corner of the dancefloor.
+This may be to draw a long bow, but you could, and the JC does, make the case that over-emphasising ''formal'' bilaterality, and ignoring ''substantive'' asymmetry, has led the regulatory dance into the wrong corner of the dancefloor.
 The logic is this: this is a contract of equals. Each poses an equal, but offsetting, risk to the other. Therefore credit concern cuts both ways, so any regulatory impositions should — ''must'' — also apply both ways.