1. Infrastructure
  2. Data & Reporting
  3. ISDA Responds to Bank of England and FCA on UK EMIR

ISDA Responds to Bank of England and FCA on UK EMIR

Infrastructure
Data & Reporting February 22, 2022
< 1  min.read

On February 16, 2022, ISDA responded to the joint Bank of England and Financial Conduct Authority consultation on changes to reporting requirements, procedures for data quality and registration of trade repositories under the UK implementation of the European Market Infrastructure Regulation (EMIR). The consultation sets out proposals for aligning the UK’s derivatives reporting framework with international guidance from the Committee on Payments and Market Infrastructures and International Organization of Securities Commissions. It also covers measures for mandatory delegated reporting requirements, counterparty notifications and reconciliations processes, and the use of XML schemas and global identifiers.

In the response, ISDA highlights several observations and suggestions on topics including the use of identifier codes, report formats, mandatory delegated reporting requirements, unique trade identifiers and the reporting of exchange-traded derivatives as over-the-counter trades.

Tags:

, , ,

Documents (1) for ISDA Responds to Bank of England and FCA on UK EMIR

Latest

Maintaining Focus on Basel III Endgame Recalibration

In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...

Response to CPMI-IOSCO on Consultation

On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....