The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Irish Bank Resolution Corporation Limited.
The EMEA Determinations Committee agreed to hold a separate meeting on February 14, 2013 to discuss whether one or more Auctions should be held.
ISDA will publish further information on its website, www.isda.org/credit, in due course.
