The panel, the "determinations committee" for Europe, decides what constitutes a "credit event" in Greece or elsewhere on the Continent.
The mere fact that a determinations committee exists is evidence that "insolvency" is not simple to define.
Under ISDA rules, each region has a "determinations committee", comprising ten bankers and five investors, which rules on such issues.
Decisions about when a swap pays out are made by a trade group called the determinations committee of the International Swaps and Derivatives Association.
"You're on the determinations committee, your firm is earning a big fee and trying to scare me into tendering my bonds," he said he told her.
The determinations committee has 15 members, 10 of which are the major dealers in credit-default swaps, the giant banks that are effectively permanent members.
DealBook » The Trade: Swap Market, Like Libor, Is Vulnerable to Manipulation | Jesse Eisinger of ProPublica says that "the mere fact that a determinations committee exists is evidence that "insolvency" is not simple to define".
Behind their determination, organizing committee members are on edge, as well.
Sharing Stanton's determination, the committee wished to correct biblical interpretation which they viewed as being biased against women, and to bring attention to the small fraction of the Bible which discussed women.
We followed the standard methodological process of translation by two professional translators, consensus by a review committee, determination of conceptual equivalence by three expert groups, and a pre-test with nurses.
