ISDA held the first day of its virtual Annual General Meeting on May 10, with sessions on LIBOR transition, alternative reference rates, diversity in derivatives markets and the forthcoming introduction of the 2021 ISDA Interest Rate Derivatives Definitions.
O’Malia: Pandemic has Accelerated Derivatives Digitization
The coronavirus pandemic has triggered a digital revolution in the derivatives market, accelerating the move towards a more automated, fully digital operating environment, ISDA chief executive Scott O’Malia has said.
Time to Put Foot on Accelerator of LIBOR Transition, Say Panelists
Continued publication of certain US dollar LIBOR settings until mid-2023 should not be interpreted as a delay, and firms should step up their efforts to prepare to use alternative reference rates for all new trades by the end of this year, according to speakers on a LIBOR panel at the start of this year’s ISDA Annual General Meeting.
Liquidity Will Centre on RFRs, Panelists Say
Risk-free rates will see the lion’s share of liquidity in the post-LIBOR world, but there are uses for alternative rates, including those with a credit-sensitive component, AGM speakers said.
Regulators Explore COVID Lessons
A variety of regulatory workstreams are under way to explore the implications of market stress caused by the coronavirus crisis last year and to understand if policy responses may be necessary, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) and chief executive of Hong Kong’s Securities and Futures Commission.
ISDA 2021 Definitions Due for October Implementation
ISDA is targeting implementation of the 2021 ISDA Interest Rate Derivatives Definitions over the weekend of October 2/3, with the new definitional booklet for cleared and non-cleared interest rate derivatives due to be published within weeks.
Also In This Issue:
- ISDA Protocol Has Helped to De-risk Market
- Cooperation on Climate Change Critical, says Behnam
- Time to Normalize Flexible Working, Say Speakers
- At the AGM Today
Please click on the attached PDF to read the full issue.
Documents (1) for IQ in Brief: AGM Special – Day 1
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Joint Response to EBA Consultation
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Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
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Response to BoE on Extension of Settlement Hours
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