The European Commission has found that theInternational Swaps and Derivatives Association (ISDA), a professional organization of financial institutions involved in the over-the-counter (OTC) trading of derivatives may have been involved in a coordinated effort of investment banks to delay or prevent exchanges from entering the credit derivatives business. Such an act, constitutes a violation of EU antitrust rules and as a result, the Commission has decided to include ISDA in the investigation...

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