This note has been prepared by ISDA’s Credit Steering Committee (CSC) to explain the CSC’s recommendation for changes to documentation practice for credit default swap (CDS) transactions referencing German banks. This note does not constitute legal advice to any interested person from ISDA or the CSC. Further, neither ISDA nor the CSC undertake any duty of care, nor shall they otherwise be liable, to any interested person.
Documents (1) for CSC Statement on German Bank CDS
Latest
Response on Options and Discretions
On January 24, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Central Bank’s (ECB) consultation on its approach to options and discretions under EU law. In the response, the associations highlight the efforts of...
Digital Transformation: Scott O’Malia Remarks
ISDA & The Centre for Financial Technology: Challenges and Opportunities of Digital Transformation January 29, 2025 Opening Remarks Scott O’ Malia, ISDA Chief Executive Good morning and thank you for joining us today for our event on the challenges and...
Letter to SEC on US Treasury Clearing
On January 24, ISDA, the Alternative Investment Management Association (AIMA), FIA, the FIA Principal Traders Group (FIA PTG), the Institute of International Bankers (IIB), the Managed Funds Association (MFA) and the Securities Industry and Financial Markets Association (SIFMA) and its...
Response on EMIR Active Account Consultation
On January 27, ISDA responded to the European Securities and Markets Authority’s (ESMA) consultation on the active account requirement (AAR) introduced under the revised European Market Infrastructure Regulation (EMIR 3.0). In the response, ISDA highlighted significant concerns about the proposed...