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
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ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
Remove Bureaucracy from Cross-margin Approvals
Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...
Joint Response on CCP Resolution
On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...