International Swaps and Derivatives Association

Market Infrastructure

Market Needs to Do More to Prepare for End of LIBOR – ASIC, RBA

By Garima Chitkara | 24/10/2018

Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Market Infrastructure

ISDA, EU Industry Bodies Warn of ‘Cliff Edge’ Effects ‘No Deal’ Brexit

By Manesh Samtani | 10/10/2018

New paper proposes steps that can be taken now to mitigate potentially systemic consequences of the UK leaving the EU without a withdrawal agreement and transition period in place.

Fintech / Regtech

Smart Contracts Can Improve Derivatives Market Efficiency – ISDA

By Editors | 04/10/2018

A new white paper by ISDA and King & Wood Mallesons proposes a practical framework for constructing smart derivatives contracts.

Market Infrastructure

ISDA Chief Urges Early Preparation for ‘Enormous Challenges’ of 2020

By Manesh Samtani | 27/09/2018

The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.

Market Infrastructure

Independent Amount – 10 Years and No Change Since Lehman Collapse

By Matthieu Sachot | 19/09/2018

Counterparties are exposed to material downside risk in posting collateral without restrictions on rehypothecation or non-segregation, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

ISDA Forum: Asia’s Banks Not Ready for 2020 Initial Margin Deadline

By Garima Chitkara | 18/09/2018

Banks and buy-side firms should begin compliance processes to meet the September 2020 deadline as early as possible, urged panellists at the ISDA Industry and Regulatory Forum.

Market Infrastructure

ISDA Forum: Brexit Negotiations Should Avoid “Brinksmanship”

By Garima Chitkara | 13/09/2018

Regulators at the ISDA conference in Singapore expressed concern about Brexit uncertainty, but were cautiously optimistic that Asia would suffer only minimal impacts in transactions with the EU and UK.

Market Infrastructure

CFTC Will Block Any Effort to Impose EMIR in the US: Giancarlo

By Garima Chitkara | 13/09/2018

Legislative efforts in the EU to bring non-EU clearinghouses under EMIR has elicited sharp responses from the CFTC chairman, who said that only US regulation can apply to US derivatives markets.