MFA Joint Letter to New York Federal Reserve President Geithner on New Commitments to Improve Operational Efficiency Across Financial Markets

July 31, 2008

From: Bank of America, Barclays Capital, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank AG, Dresdner Kleinwort, Goldman Sachs & Co, HSBC Group, JP Morgan Chase, Lehman Brothers, Merrill Lynch & Co., Morgan Stanley, Royal Bank of Scotland Group, Societe Generale, UBS AG, Wachovia Bank, NA, International Swaps and Derivatives Association, ISDA, Managed Funds Association, Asset Management Group of the Securities Industry and Financial Markets Association, SIFMA


Timothy Geithner, Federal Reserve Bank of New York

MFA announced that it is joining the 17 major derivatives dealers as a signatory to a letter to global regulators that develops new commitments to improve operational efficiency across OTC derivatives, as well as commodities and foreign exchange markets and collateral management. Click here for a copy of the letter and click here for a copy of the supplement to the letter.