International Swaps and Derivatives Association

Securities / Derivatives

ISDA Consults on Proposals to Clean Up CDS Market

By Editors | 12/03/2019

The proposals seek to end a trading practice of encouraging otherwise healthy companies to default by offering them favourable financing in order to pocket CDS payouts.

Market Infrastructure

LIBOR Transition Requires Efforts now, Despite BMR Grace Period

By Matthieu Sachot | 07/03/2019

Regardless of the BMR compliance extension, it is important that LIBOR transition programmes continue to progress quickly, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

BCBS, IOSCO Guidance Offers Some Relief on Margin Requirements

By Manesh Samtani | 07/03/2019

Institutions should start work immediately to ensure readiness for the Phase 5 implementation of margin reform in September 2020, says KPMG’s Tom Jenkins.

Market Infrastructure

Urgent Action Needed on UK Trading Venue Equivalence

By Manesh Samtani | 05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Market Infrastructure

EU Policymakers Agree on Two Years Grace for BMR Compliance

By Manesh Samtani | 01/03/2019

Policymakers have agreed to give administrators of ‘critical’ EU and ‘non-critical’ non-EU benchmarks two more years to comply with the Benchmark Regulation.

Market Infrastructure

HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

By Will Hallatt | 22/02/2019

The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.

Securities / Derivatives

ISDA Launches Digital Platform to Automate IM Documentation

By Editors | 07/02/2019

‘ISDA Create – IM’ is expected to significantly reduce the time and resources it takes to negotiate margin documentation for participants in non-cleared OTC derivatives markets.

Market Infrastructure

ISDA, FIA, IIF Respond to FSB Paper on CCP Resolution

By Garima Chitkara | 04/02/2019

The FSB in November consulted on the financial resources CCPs should have for resolution planning and how CCP capital should be treated in the event of resolution.

Market Infrastructure

Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

By Manesh Samtani | 31/01/2019

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.