Growth of Interest Rate Swap Markets (1981-2000)

1. World Bank completes first major swap deal

   Jan 1, 1981Labels: World Bank, IBM

   • World Bank Treasury

2. Early corporate adoption accelerates interest rate swaps

   Sep 26, 1984Labels: Corporations, Financial institutions

   • Washington Post

3. ISDA is established to standardize swap dealing

   May 1, 1985Labels: ISDA

   • ISDA About
   • ISDA 40th

4. ISDA publishes first master agreement package

   Jan 1, 1987Labels: ISDA Master

   • ISDA Master Wiki
   • ISDA About

5. Basel Capital Accord sets global bank capital standards

   Jul 1, 1988Labels: Basel I, Basel Committee

   • BIS BCBS History

6. CFTC issues Swaps Policy Statement in the US

   Jul 1, 1989Labels: CFTC

   • CFTC Speech
   • Congress Report

7. ISDA releases the 1992 Master Agreement

   Jan 1, 1992Labels: ISDA 1992

   • ISDA Master Wiki
   • ISDA About

8. Fed’s 1994 tightening cycle shocks bond markets

   Feb 4, 1994Labels: Federal Reserve

   • Washington Post

9. Basel Committee expands recognition of netting for capital

   Jul 6, 1994Labels: Basel Committee, Netting

   • BIS BCBS 1994
   • BIS BCBS History

10. Basel Market Risk Amendment encourages VaR risk models

    Jan 1, 1996Labels: Market Risk

    • BIS Market Risk
    • BIS BCBS History

11. ISDAFIX launches as a benchmark for swap rates

    Jan 1, 1998Labels: ISDAFIX

    • ISDAFIX Wiki

12. LTCM crisis stresses swap counterparties and liquidity

    Sep 23, 1998Labels: LTCM, Federal Reserve

    • Fed History
    • NY Fed Speech

13. BIS launches regular global OTC derivatives statistics

    Dec 23, 1998Labels: BIS, OTC statistics

    • BIS PR 1998

14. CFMA provides US legal certainty for swaps

    Dec 21, 2000Labels: CFMA, US Congress

    • Congress gov
    • SEC Dodd Frank