ISDA/FIA respond to ESMA consultation on package orders

On January 3, 2017, ISDA and FIA responded to the European Securities and Markets Authority’s (ESMA) consultation on package orders for which there is a liquid market. The consultation paper proposed a methodology by which package orders would be considered liquid under the revised Markets in Financial Instruments Directive (MIFID II).

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Documents (1) for ISDA/FIA respond to ESMA consultation on package orders

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...