International Swaps and Derivatives Association

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Capital / Liquidity

Japan Launches Consultation on Permanent Cessation of Euroyen TIBOR

By Jill Wong | 02/08/2023

The consultation on permanently ceasing the Euroyen TIBOR was motivated by the need to enhance the transparency, robustness and reliability of the interbank offered rate to be fully compliant with IOSCO principles.

ESG / Sustainability

ISDA Releases Climate Risk Assessment Framework for Trading Book

By Jill Wong | 13/07/2023

ISDA’s new framework extends the application of climate risk analysis which has so far been focused on the banking book to the trading book.

Securities / Derivatives

Philippines Launches Dollar-Peso Cross Currency Swap Market

By Editors | 28/06/2023

Dollar-peso cross currency swaps involve a Philippines peso fixed rate and a SOFR-based US dollar floating swap.

Fintech / Regtech

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Market Infrastructure

India Supervisory Regime for CCPs Gains UK Equivalence

By Editors | 15/06/2023

Indian CCPs have been facing the possibility of losing their ability to provide clearing services to UK market participants.

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Market Infrastructure

PBOC Issues Rules to Facilitate Introduction of Swap Connect

By Editors | 01/05/2023

Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.

Market Infrastructure

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.