On March 6, ISDA submitted a response to the UK Financial Conduct Authority’s (FCA) consultation on improving transparency for bond and derivatives markets. In the response, ISDA recommends the framework be calibrated to allow for longer deferrals for larger trades and smaller real-time size thresholds for sterling swaps to avoid adverse effects on pricing, which would be detrimental to UK markets and investors. The response also includes recommendations on the categorization of over-the-counter derivatives, the role of trading venues and the FCA in the calibration of transparency requirements, improvements to the fields and flags for post-trade reporting and the definition of a systematic internalizer.
Documents (1) for ISDA Response to FCA on Transparency in Derivatives Markets
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ISDA Market Practice Note for the Rebasing of European Inflation Indices
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Guidance for EU IM Model Application for ISDA SIMM®
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On February 23, ISDA, the Bank Policy Institute, the American Bankers Association, the Financial Services Forum, the Securities Industry and Financial Markets Association and the US Chamber of Commerce jointly responded to the US Federal Reserve’s consultation on the stress...
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