ISDA Responds to EC’s Supervisory Reporting Requirements ‘Fitness Check’

On March 14, ISDA responded to the European Commission’s ‘Fitness Check’ of supervisory reporting requirements with several key recommendations, including:

  • A ‘report once/permission access to data once’ regime: firms would produce a single dataset which the relevant regulators could cut to suit their particular regulatory objectives;
  • Alignment of reporting rules across jurisdictions – including continued ISDA advocacy for single-sided reporting globally; and
  • Supporting global harmonisation of the unique transaction identifier, unique product identifier and critical data elements of OTC derivatives reported to trade repositories.

Click on the link below for the full response.

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Documents (1) for ISDA Responds to EC’s Supervisory Reporting Requirements ‘Fitness Check’

ISDA/IIB/SIFMA request to extend 22-14

This joint ISDA/IIB/SIFMA letter requests reporting relief for certain non-US swap dealers in Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom with respect to their swaps with non-US persons.  The joint trade association letter, submitted to CFTC...

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...