Consultation Paper regarding draft regulatory technical standards on risk-mitigation techniques for OTC-derivative contracts not cleared by a CCP

ISDA and SIFMA respond to the Consultation Paper on the Draft regulatory technical standards (the “Draft RTS”) on risk-mitigation techniques for OTC-derivative contracts not cleared by a CCP under Art. 11(15) of Regulation (EU) No 648/2012 published by the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and the Occupational Pensions Authority (EIOPA, and together with ESMA and EBA, the ESAs) on April 14, 2014.

Documents (1) for Consultation Paper regarding draft regulatory technical standards on risk-mitigation techniques for OTC-derivative contracts not cleared by a CCP

A Positive Step to Improve the FRTB in the EU

As the Basel III capital reforms are finalized for implementation in key jurisdictions, ISDA is maintaining a laser focus on making sure the rules are robust and risk-appropriate. Simply put, if capital requirements are set disproportionately high, this will have...