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
US Treasury Repo Clearing Indicators May 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities...
ISDA, FIA, GFMA, CMC, CMCE Respond to IOSCO on Best Practices for OTC Commodity Derivatives
ISDA, FIA, the Global Financial Markets Association (GFMA), the Commodity Markets Council (CMC) and the Commodity Markets Council Europe (CMCE), have responded to the International Organization of Securities Commissions' (IOSCO) consultation report on best practices for over-the-counter (OTC) commodity derivatives...
Joint Response to 2026 US G-SIB Surcharge Proposal
On June 18, ISDA, the Securities Industry and Financial Markets Association and the Institute of International Finance submitted a joint response to US agencies on proposed changes to the surcharge for global systemically important banks (G-SIBs). The associations welcome the...
Eyeing the Basel III Finish Line
An effective regulatory capital framework relies on multiple ingredients, from appropriate drafting to rigorous testing and consultation. Even minor calibration distortions can inflate capital requirements, which could negatively affect the capacity of banks to support deep and liquid markets, with...