GFMA-GFXD and ISDA Response to EC Consultation on Euro and Market Liquidity in FX Markets

Further to its communication on Towards a stronger international role of the euro published in December 2019, the European Commission launched a targeted consultation on the euro and market liquidity in foreign exchange markets in January 2019. ISDA and the Global Foreign Exchange Division of the Global Financial Markets Association (GFXD-GFMA) submitted their joint position on March 29, 2019.

Documents (1) for GFMA-GFXD and ISDA Response to EC Consultation on Euro and Market Liquidity in FX Markets

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...