The regulators’ tersely worded letter to the International Swaps and Derivatives Association (ISDA) asked it to renounce a core component of the industry’s multi-decade effort to exempt itself from financial debtors’ bankruptcy – an exemption that worsens not only the debtor’s stability, but also that of the global economy. Many observers believe that these exemptions hit the world’s financial system especially hard when Lehman Brothers collapsed in 2008.
这些监管机构给国际互换和衍生品协会（ISDA）发去了一封言简意赅的函件，要求它放弃该行业几十年来让自己免于金融债务人破产的影响做法——这一特权不但让恶化了债务人的稳定性，也拖累了全球经济。许多观察者认为，2008年雷曼兄弟倒闭时，这一特权给世界金融系统造成了特别严重的冲击。