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
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,...
ISDA Response on UK MIFID Transaction Reporting
On February 14, ISDA submitted a response to the UK Financial Conduct Authority’s (FCA) discussion paper 24/2 on improving the UK transaction reporting regime under the UK Markets in Financial Instruments Directive (MIFID) framework. The FCA indicated it is making...
Saudi Capital Markets Event Welcome Remarks
Capital Markets & the Kingdom of Saudi Arabia February 19, 2025 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, everyone. I’d like to add my thanks to Saudi Tadawul Group for working with us on this event, as...
Appropriate Capital Regs Needed for Liquid Markets
The Basel III capital framework was designed to strengthen the regulation, supervision and risk management of banks in response to weaknesses exposed by the global financial crisis. As the last components of the framework are finalized and implemented around the...