International Swaps and Derivatives Association

Fintech / Regtech

Legal Certainty Needed to Advance DLT Adoption in Derivatives

By Editors | 14/01/2020

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Fintech / Regtech

UK Digital Regulatory Reporting Pilot Completes Phase Two

By Manesh Samtani | 10/01/2020

Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.

AML / KYC

ISDA Calls For Guidance on Handling of Derivatives Impacted by Sanctions

By Editors | 25/12/2019

ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.

Market Infrastructure

ISDA Consults on Adjustments for EUR LIBOR, EURIBOR Fallbacks

By Editors | 19/12/2019

The supplemental consultation seeks input on adjustments that would apply to €STR if fallbacks in euro LIBOR or EURIBOR take effect, including the final parameters for these adjustments.

Market Infrastructure

ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

By Manesh Samtani | 09/12/2019

ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.

Market Infrastructure

FSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions

By Garima Chitkara | 21/11/2019

The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.

Market Infrastructure

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

By Manesh Samtani | 21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

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.