IQ in Brief: AGM Special – Day 2

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

Response to FCA on Post-trade Transparency

On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30.  While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...