FYI
 -----Original Message-----
From: 	"Diane M. Genova" <genova_diane@jpmorgan.com>@ENRON [mailto:IMCEANOTES-+22Diane+20M+2E+20Genova+22+20+3Cgenova+5Fdiane+40jpmorgan+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Sunday, July 22, 2001 5:08 PM
To:	Ernest.Patrikis@aig.com
Cc:	SCAREY@isda.org; USREGCOMM@isda.org
Subject:	RE: Retail Swaps Invitation Letter and Questions

I think your response is exactly right.  JPMorgan is in complete agreement with
this view and will communicate that to the Fed which has also requested a
meeting with us.  Since our request for a meeting comes from our examiners (and
in view of the past views expressed by some former members of our firm) we will
actually have a meeting--but our message will be the same as yours.




Ernest.Patrikis@aig.com on 07/18/2001 10:36:29 PM















 To:      SCAREY@isda.org, USREGCOMM@isda.org

 cc:      (bcc: Diane M. Genova)



 Subject: RE: Retail Swaps Invitation Letter and Questions





Two weeks ago, a member of the FRBNY legal staff asked to meet with AIG
staff to discuss AIG's present and proposed retail swap activities. I
responded that AIG does not now and has no plans to engage in that activity.
For that reason, I stated that it was premature to consider the need to
regulate an activity that does not now exist and that ought to be the
agencies response to Congress.

     -----Original Message-----
     From:     Stacy Carey [SMTP:SCAREY@ISDA.ORG]
     Sent:     Wednesday, July 18, 2001 4:46 PM
     To:  US REGULATORY COMMITTEE
     Subject:  Retail Swaps Invitation Letter and Questions

     For your information, I have attached correspondence from the
Federal
     Reserve requesting ISDA's participation in the Commodity Futures
     Modernization Act retail swaps study.  The correspondence also lists
     interview topics/questions. Please do not hesitate to call if you
have any
     questions.  Many thanks!   -- Stacy

     Stacy Carey
     Policy Director
     International Swaps and Derivatives Association
     600 5th Avenue, 27th Floor
     Rockefeller Center
     New York, NY  10020
     (212) 332-1202 ph
     (212) 332-1212 fax
     (917) 543-9622 cell
     scarey@isda.org


     >  <<FRBNYLtr.pdf>>
     >
     >  << File: FRBNYLtr.pdf >>




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