International Swaps and Derivatives Association

Market Infrastructure

ISDA Publishes Consultation Results on Benchmark Fallback Parameters

By Editors | 18/11/2019

The majority preferred a historical median spread adjustment with a five year lookback period, and a two-banking-day backward shift adjustment for the compounded setting in arrears rate.

Crypto / Digital Assets

Regulation Asia Awards for Excellence 2019 – Results Announcement

By Editors | 14/11/2019

Regulation Asia held its second annual Awards ceremony on 13 November 2019 to recognise technology companies, legal and consulting firms, and exchanges that have helped shape the regulatory landscape in Asia Pacific over the past year.

Press Release

ISDA Wins Best Solution for Initial Margin Compliance, Project Award for Derivatives Innovation

By Editors | 14/11/2019

ISDA has won the Best Solution in Initial Margin Compliance and an Outstanding Project award for its work in Derivatives Innovation.

Fintech / Regtech

Ageing Infrastructure Creating Derivatives Market Inefficiencies: ISDA Chief

By Editors | 10/11/2019

Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

Market Infrastructure

A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz

By Manesh Samtani | 29/10/2019

Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.

Market Infrastructure

Australia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation

By Manesh Samtani | 24/10/2019

Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.

Market Infrastructure

ISDA Publishes Final Results of IBOR Pre-Cessation Consultation

By Manesh Samtani | 22/10/2019

The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark’s nonrepresentativeness.

Capital / Liquidity

ISDA Chief Calls for Specific Changes to CVA Framework

By Editors | 09/10/2019

The current CVA rules due for implementation in January 2022 could lead to an inappropriately sharp increase in capital requirements for derivatives businesses.

Big Picture

EU Equivalence Needed on Cross-Border Intragroup Transactions

By Editors | 01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.