INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

    Market Infrastructure

    ESMA Calls for Relaxation of BMR Third-country Regime

    By Manesh Samtani | 23/08/2022

    The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.

    Market Infrastructure

    Industry Calls for Reforms to EU Benchmarks Regulation

    By Manesh Samtani | 15/08/2022

    Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.

    Capital / Liquidity

    China New Futures and Derivatives Law Takes Effect

    By Manesh Samtani | 02/08/2022

    On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.

    Market Infrastructure

    TAIFEX Launches Central Clearing Service for OTC Derivatives

    By Editors | 26/07/2022

    Central clearing makes OTC derivatives trading safer, more efficient, and more competitive for participants, FSC chair Huang Tien-mu said at the launch ceremony.

    Capital / Liquidity

    FSS Korea Proposes to Extend, Revise Non-cleared Margin Guidelines

    By Editors | 24/07/2022

    The guidelines, which expire on 31 August 2022, will be extended for an additional year to 31 August 2023.

    Market Infrastructure

    Singapore Finalises Key Settings of MAS Recommended Rate

    By Editors | 20/07/2022

    The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.

    Capital / Liquidity

    BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

    By Manesh Samtani | 18/07/2022

    ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

    Capital / Liquidity

    BCBS Progresses Work on Climate Risk, Crypto Assets

    By Editors | 01/06/2022

    The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

    Fintech / Regtech

    ISLA, ICMA Advance Work to Digitise Industry Documentation

    By Editors | 27/05/2022

    ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.

    Fintech / Regtech

    ISDA Analysis Shows Effectiveness of Crypto Hedging

    By Editors | 24/05/2022

    The analysis suggests that a less punitive capital framework should be considered for banks’ exposures to Bitcoin and Ethereum.

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