ISDA Requests Extension of Relief on Brexit-related Novations

On August 27, 2020, ISDA and the Association for Financial Markets in Europe wrote to European authorities to request that the regulatory technical standards (RTS) related to novation start to apply as soon as possible and continue to be available until December 31, 2021. The letter also requests that these RTS extend to firms that operate out of the UK, in addition to those established in the UK.

This is a follow-up to our letter of November 25, 2019.

Click on the PDF below to read the letter in full.

Documents (1) for ISDA Requests Extension of Relief on Brexit-related Novations

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...