ISDA Response to HMT Cryptoasset and Stablecoin Consultation

ISDA has submitted a response to HM Treasury’s consultation and call for evidence on the UK’s regulatory approach to cryptoassets and stablecoins. ISDA’s response highlights opportunities for the deployment of new technology such as distributed ledger technology (DLT) and smart contracts in the derivatives market. The response also notes the importance of achieving greater legal and regulatory certainty, flagging a number of areas where legal or regulatory barriers to the deployment of new technology in financial markets currently exist. Finally, the paper notes the importance of common, digital standards and the distribution of those standards across the industry, and describes a number of important ISDA initiatives in this area, such as the ISDA Clause Library and Common Domain Model.

Documents (1) for ISDA Response to HMT Cryptoasset and Stablecoin Consultation

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...

Appropriate Capital Rules Critical for Markets

“Setting capital requirements for globally active banks is a fine balanc­ing act. As regulators learned during the global financial crisis, insuffi­cient capital creates vulnerabilities in the banking sector that can have damaging consequences in times of stress. However, if banks...