----- Forwarded by Mark Taylor/HOU/ECT on 02/21/2001 07:20 PM -----

	Stacy Carey <SCAREY@ISDA.ORG>
	02/21/2001 10:36 AM
		 
		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc: 
		 Subject: Bankruptcy Update


Meetings have been held this week on bankruptcy reform with the CFTC and the
Treasury Department. FDIC also hosted a technical meeting this morning with
the FED, SEC, Treasury and CFTC.  Seth Grosshandler, Josh Cohn and Geoff
Goldman attended on behalf of the Bond Market Association and ISDA.

Various modifications have been made to our package as a result of these
meetings in an attempt to facilitate an amendment package the administration
will be able to support and send to the Capitol Hill for inclusion into the
overall bill.  These modifications are reflected in a revised Summary
Document page that will be faxed to you this morning.

Stacy Carey
Director North American Regulatory Policy
International Swaps and Derivatives Association
(202) 457-6545 ph
(703) 256-1833 fax
(917) 543-9622 cell
scarey@isda.org