ISDA Responds to EBA on Internal Models Benchmarking

On February 18, 2022, ISDA submitted a response to the European Banking Authority (EBA) consultation on implementing technical standards for the 2023 internal models benchmarking exercise. ISDA’s members welcome the EBA’s efforts to improve the effectiveness of the exercise, including through the renumbering of instruments, portfolios and notes that the EBA has incorporated into some of the instruments/portfolios. The growth of the hypothetical portfolios year on year requires considerably more maintenance and computation capacities for the internal models approach exercise. ISDA therefore requests that the number of instruments are kept stable moving forward.

Documents (1) for ISDA Responds to EBA on Internal Models Benchmarking

SwapsInfo Full Year 2024 and Q4 2024

Interest rate derivatives (IRD) trading activity increased in 2024, driven by interest rate volatility, adjustments in central bank policies and shifting market expectations on inflation and economic growth. Index credit derivatives also saw increased activity, as measured by traded notional,...