On May 17, ISDA published its views on the European Commission’s proposal to mandate EU clearing participants to clear in Europe. ISDA believes if this requirement is not adequately calibrated, it will create costs and other competitive disadvantages that non-EU competitors will not have to bear, highlighting the trade-off between mandating clearing in Europe and preserving the competitiveness of EU clearing participants. ISDA’s briefing sets out the risks and costs of requiring EU firms to hold an account at EU central counterparties (CCPs) and mandating them to clear a proportion of their business at EU CCPs.
Documents (1) for ISDA Briefing on Risks and Costs of Active Accounts
Latest
Market Transformation – IQ May 2026
On the 250th anniversary of American independence, this year’s ISDA Annual General Meeting (AGM) was held in Boston, a city that played a prominent role in the American Revolution. In his opening remarks, ISDA chief executive Scott O’Malia drew a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Letter to EC and ESMA on Derivatives Framework
On March 27, ISDA sent a letter to the European Commission (EC) and the European Securities and Markets Authority (ESMA) to highlight several technical issues arising from the interaction between the delegated regulation (EU) 2025/1003 on identifying reference data to...
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)...