16 Janvier 2014

IIF Special Committee on Financial Crisis Prevention and Resolution

15 janvier 2014

IIF Special Committee on Financial Crisis Prevention and Resolution

Views on the Way Forward for Strengthening the Framework for Sovereign Debt Restructuring

This note highlights the Special Committee's views on the way forward for strengthening further the sovereign debt restructuring framework, including the Committee's reactions to the International Capital Markets Association's (ICMA) draft new guidelines for aggregation clauses and to the IMF staff's key points and suggestions included in the April 2013 IMF Staff Report on possible changes to the IMF policy and legal framework for sovereign debt restructuring that could be considered. The Special Committee comprises 43 senior officials from major IIF-member financial institutions that represent the private creditor and investor community. This note summarizes the views of the Special Committee expressed in a number of forums. The note is intended to contribute constructively to the ongoing discussions on possible refinements to the existing contractual, market-based approach to sovereign debt restructuring.

Read Report

http://www.iif.com/download.php?id=rK1ToICDWT0=

Liens

Diaporama

Haut de page