International Swaps and Derivatives Association

Capital / Liquidity

CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

By Editors | 24/08/2022

Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.

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.