ISDA Letter to FSB GUUG – Global UTI Implementation

Individual jurisdictions are currently amending or drafting transaction reporting rules.  This ISDA letter to the Financial Stability Board’s (FSB) Working Group on UTI and UPI Governance (GUUG) requests more active, improved coordination of global UTI implementation timelines and alignment to the CPMI-IOSCO Harmonisation Group recommendations, even while the final International Governance Body is being established.

Documents (1) for ISDA Letter to FSB GUUG – Global UTI Implementation

Response to FCA on CFI Codes for Transparency

On March 19, ISDA responded to Chapter 3 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on transparency requirements for financial instruments under Market Conduct Sourcebook (MAR) 11. Sections 3.11-3.13 of the consultation paper explain a discrepancy between...

Why We Need Safe and Efficient SFT Markets

Securities financing transactions (SFTs) play a vital role in fostering liquidity, mobilizing collateral and supporting the smooth functioning of derivatives markets. But during periods of stress, secured funding markets often come under pressure just when they’re needed most, with reduced...

Response to BoE on Clearing Exemption for PTRR

On March 11, ISDA submitted a response to the Bank of England’s consultation on a proposed approach to exempting post-trade risk reduction (PTRR) transactions from the derivatives clearing obligation under Article 4 of the European Market Infrastructure Regulation (EMIR). ISDA...

IQ Interview with David Bailey

The Bank of England’s Prudential Regulation Authority recently finalized its Basel 3.1 framework for implementation at the start of 2027. David Bailey, executive director for prudential policy, talks to IQ about the importance of global consistency and the need to...