ISDA recently published the ISDA 2018 US Resolution Stay Protocol to help market participants comply with stay regulations issued in the US by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. The regulations require global systemically important banks to include contractual stays on early termination rights in qualified financial contracts.
Today, ISDA published a webinar in Japanese explaining the US Resolution Stay Protocol and related regulations. The webinar is intended to educate market participants who may need to adhere to the protocol in order to comply with the regulations.
Adherence to the US Resolution Stay Protocol is open to ISDA members and non-members. Please visit the Protocols section of the ISDA website to view the protocol, the current list of adhering firms, frequently-asked-questions and other background materials.
For asset managers and other agents that need to provide information about underlying principals using an electronic platform, the US Resolution Stay Protocol will be available on ISDA Amend, a joint offering developed by ISDA and IHS Markit, later in 2018. Further information on ISDA Amend, including presentations, documentation and audio playback, is available on the ISDA Amend website.
Watch: ISDA 2018 US Resolution Stay Protocol: An Introductory Webinar in Japanese
Latest
Marking a Milestone - IQ January 2025
It was a different time and a very different market, but 1985 remains a seminal year in the history of over-the-counter (OTC) derivatives – the year that ISDA was established and the very first industry standard document was published. While...
Response to FCA on SI Regime
On January 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) responded to questions from the UK Financial Conduct Authority (FCA) on the future of the systematic internalizer (SI) regime. In the response,...
Response to CSA on Clearing Obligation
On December 19, ISDA submitted a response to the Canadian Securities Administrators (CSA) consultation on proposed amendments to the clearing obligation in Canada. The CSA invited comments on the proposed amendments and on the specific question set out in Annex B...
Derivatives Regulations and Usage in Japan
Japan’s regulatory landscape has generally been supportive of derivatives use by various segments of the buy side. While there are some guidelines on the purposes for which derivatives can be used by certain entities, which are not unique to Japan,...