On November 17, ISDA and FIA submitted a joint response to the Bank of England’s (BoE) consultation on the power to restrict central counterparty (CCP) discretionary payments. In the response, the associations welcome the BoE’s proposed power to direct CCPs to temporarily restrict or prohibit discretionary payments to shareholders or employees of CCPs, defined under schedule 11, paragraph 13 of the Financial Services and Markets Act 2023.
The associations acknowledge that this new power is an important component within the BoE’s supervisory toolkit. This can serve to support a CCP’s financial resilience in times of stress, potentially helping to reduce the likelihood that a UK CCP would reach a point where it is failing or likely to fail, thereby safeguarding financial stability in the UK, as well as in third countries where clearing members are established.
Documents (1) for Response to BoE Consultation on CCP Discretionary Payments
Latest
U.S. Federal Holidays on December 24 and 26, 2025
Pursuant to an Executive Order of the President of the United States, December 24 and December 26 have been designated as federal holidays for U.S. federal government purposes. The designation of such dates as U.S. federal holidays is not expected to affect...
ISDA Publishes SPS Matrix Version 1.02
On December 19, 2025, ISDA published an updated version (v1.02) of the ISDA Digital Asset Derivative Definitions Settlement Price Source Matrix (‘SPS Matrix”). The SPS Matrix contains a list of Settlement Price Sources (SPSs) and related terms that parties can...
From Milestone to Modernization
We’re coming to the end of an exceptionally busy year at ISDA, in which we celebrated our 40th anniversary and doubled down on our enduring commitment to safe and efficient derivatives markets. Reflecting on ISDA’s achievements since 1985, it’s clear...
Response on ASIC Derivative Transaction Rules
On December 3, ISDA submitted a response to the Australian Securities and Investments Commission (ASIC) consultation on the remake of the ASIC Derivative Transaction Rules (Clearing) 2015, which are due to sunset on April 1, 2026. ASIC proposed to remake...