ISDA and FIA Respond to EC’s Roadmap Consultation on CSDR

On April 4, 2021, ISDA and FIA submitted a joint response to the European Commission’s (EC) roadmap consultation on the review of Central Securities Depositories Regulation (CSDR). In the response, the associations outline the need to clarify the scope of the settlement discipline regime with respect to derivatives transactions. In the context of margin transfers and physically settled derivatives, the associations ask the EC to prioritize reforming the settlement discipline regime’s mandatory buy-in rules in the upcoming CSDR review.

Global Trading in INR Derivatives

Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...

Response to FCA on Commodity Derivatives Clearing

On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...