In an interview, ISDA CEO Robert Pickel discussed past events, including a credit-event auction on Greece's sovereign debt and the association's legal action against the Commodity Futures Trading Commission regarding position limits. ISDA prefers dialogue and consultation rather than litigation, Pickel said, but the position-limit rule was a unique situation. "This is not an indication of a new path, but we will scrutinize each of these rules," he said.

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