Day two of ISDA’ s virtual Annual General Meeting on May 11 featured sessions on implementation of the phase-five margin requirements, developing China’s derivatives market, benchmark reform in Japan and environmental, social and governance issues.
Derivatives Vital for Green Transition, says Litvack
Financial markets will help countries achieve net-zero carbon emissions targets by channeling trillions of dollars in investment to new sustainability initiatives and infrastructure, and derivatives will enable firms to manage the risks associated with this shift, says Eric Litvack, ISDA’s chairman.
China’s Draft Futures Law Heralds Netting Breakthrough
The draft Futures Law published by the Standing Committee of the National People’s Congress of China on April 29 could be a seminal milestone for China’s derivatives markets if it leads to the explicit recognition of close-out netting, according to senior regulators and market participants.
EC’s McGuinness Confident of Strong Relationship With UK
One of Europe’s most senior and influential financial services policy-makers has expressed optimism that the EU and UK will be able to build a stable and balanced relationship on financial services, despite the challenges that have arisen since the Brexit transition period ended on December 31, 2020.
TONA Liquidity Set to Rise, Says Panel
Liquidity in TONA, Japan’s risk-free rate, remains limited, but a series of milestones later this year could help to drive up liquidity, according to speakers on the second day of the ISDA Annual General Meeting.
Prepare for Phases Five and Six, Say Speakers
The phase five and six rollouts of the initial margin requirements in September 2021 and 2022 will capture different types of firms compared to earlier phases, which is creating some additional complexity in the compliance process, according to speakers on a panel on the second day of the ISDA Annual General Meeting.
Also In This Issue:
- Hybrid Working the Way Forward, says JP Morgan’s Pinto
- Policy-makers Cautious on Climate Disclosures
- At the AGM Today
Please click on the attached PDF to read the full issue.
Documents (1) for IQ in Brief: AGM Special – Day 2
Latest
Response on Proposed Changes to Transaction Rules
On May 22, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association submitted a joint response to the Australian Securities and Investments Commission's (ASIC) consultation on proposed changes to the ASIC Derivative Transaction Rules (Reporting)...
EBA FRTB-ASA Benchmarking Support for Newly In-scope Banks
A new regulatory requirement is expected to bring additional EU banks into scope for submitting Fundamental Review of the Trading Book (FRTB) Alternative Standardized Approach (ASA) capital as part of the European Banking Authority’s (EBA) benchmarking exercise. ISDA Capital Models...
Joint Letter on Sunset of Swaps TR Rules
On May 20, ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint letter to US Commodity Futures Trading Commission (CFTC) to request the CFTC to sunset large trader reporting rules (LTR) rules for physical commodity...
ISDA, SIFMA Letter on SEC-CFTC Harmonization
On May 19, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint letter to the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) on SEC and CFTC harmonization, as part...