ISDA won Industry Association of the Year at the 7th Regulation Asia Awards for Excellence 2024, celebrated at an in-person ceremony on 4 November 2024.

The Industry Association of the Year award recognises financial industry associations that exhibit outstanding leadership in areas such as regulatory reform, compliance support, and financial stability. This category honours associations that help to drive and influence work to improve industry standards, provide support to members and foster a collaborative environment for addressing emerging challenges.

ISDA was recognised for its work to address challenges and regulatory developments in the global derivatives market, including a series of initiatives to respond to stress events in the industry. This year, ISDA invested a significant amount of time and resources towards helping the industry implement new derivatives reporting requirements introduced in jurisdictions such as the US, UK, EU, Japan, Australia and Singapore.

It also developed the ISDA Close-out Framework, a digital framework market participants can use to prepare for potential terminations of collateralised derivatives contracts, and continued to engage with regulators including in India and China to promote regulatory reforms and improve standardisation in global derivatives markets. ISDA also advanced its work to help the industry address challenges related to Basel III implementation and climate scenario analysis, among other areas.

“ISDA’s continued leadership and regulatory advocacy, along with its commitment to creating innovative industry solutions to regulatory challenges, set a new benchmark for industry associations,” said one judge on the Regulation Asia Awards panel. “Its focus on global regulatory alignment and standardisation and its educational and professional development programmes have been truly beneficial to the market.”

“This award underscores the pivotal role industry associations like ISDA play in promoting industry collaboration, reducing regulatory fragmentation and supporting financial stability,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “ISDA’s commitment to regulatory harmonisation and industry education continues to set a high standard. This recognition is well-deserved.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

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