International Swaps and Derivatives Association

Emerging Prudential Risks

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Trading & Investment

PBOC Issues Rules to Facilitate Introduction of Swap Connect

By Editors | 01/05/2023

Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.

Trading & Investment

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

Structural Regulation

Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’

By Editors | 05/04/2023

Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.

Clearing & Post-Trade

Industry Asks ASIC to Lengthen SOFR OIS Implementation Period

By Sanday Chongo Kabange | 04/04/2023

ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.

Structural Regulation

UK FCA Announces Decision on Synthetic USD LIBOR Rates

By Editors | 04/04/2023

1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

Trading & Investment

Get Ready for Final LIBOR Switch, says ISDA Chief

By Editors | 28/03/2023

The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail “an extra level of complexity”, says Scott O’Malia.

Structural Regulation

JBATA Finalises Fallback Methodology for TIBOR Contracts

By Manesh Samtani | 21/03/2023

JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.

Clearing & Post-Trade

French, German Banks Get More Time to Solve India CCP Issue

By Mark Johnston | 21/02/2023

French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.