ISDA Urges Support for New Ibor Fallbacks

The International Swaps and Derivatives Association (ISDA), has published a statement strongly urging adherence to the association’s Fallback Protocol as part of the financial markets industry’s switch from Ibors to risk-free rates (RFRs). ISDA is planning to amend certain ‘rate options’ in its 2006 Definitions to include fallbacks that would apply upon the permanent discontinuation […]
Read More »

ISDA Unveils Risk-Free Adoption Indicator

The International Swaps and Derivatives Association (ISDA) has launched a new indicator to monitor the adoption of alternative risk-free rates (RFRs) in derivatives trading. The indicator, developed in conjunction with Clarus Financial Technology, will provide a monthly snapshot of RFR trading activity in interest rate derivatives (IRD) markets, based on global cleared OTC and exchange-traded […]
Read More »

Cassini Systems, IHS Markit, Team Up for Automated Margining

Cassini Systems and IHS Markit have announced that they are partnering to automate the calculation of margin estimates within the latter’s ThinkFolio service. They claim that the collaboration will, for the first time, provide pre-trade analytics for OTC and exchange-traded derivatives directly within ThinkFolio. Global regulatory updates such as EMIR and Dodd-Frank have resulted in […]
Read More »

WFE Calls for Standardised Regulatory Approach to Stablecoins

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has called for the development of a common taxonomy to meet the growth of stablecoins, that would also cover crypto-assets more broadly. In a response to a consultation paper issued by the Financial Stability Board (FSB), WFE says this would create consistent […]
Read More »

IBA, TradeWeb Investigate Libor Alternative

Tradeweb Markets and ICE Benchmark Administration (IBA) are introducing the daily Tradeweb ICE Constant Maturity Treasury Rates, which have been designed to provide market participants with a daily overview of US Treasury yields for standard maturities and thus potentially becoming another alternative benchmark to Libor. The rates are based on transactions executed and/or quotes provided […]
Read More »

European Regulator Begins Search for Second Chair

The European Securities and Markets Authority (ESMA) is commencing a search for what will only be the regulator’s second chair since formation. The current chair, Steven Maijoor, is to step down on 31 March 2021 having served the maximum number of two terms of five years allowed under the ESMA Regulation. The new chair will […]
Read More »

FSB, Basel Committee, Reinforce Libor Transition Message

The Financial Stability Board (FSB) and Basel Committee (BCBS) have published a report, Supervisory issues associated with benchmark transition, in which they observe that “continued reliance of financial markets on Libor poses clear risks to global financial stability”. The report acknowledges that transition away from Libor by end-2021 requires significant commitment and sustained effort from […]
Read More »

FSB Reiterates Libor Reform Path

The Financial Stability Board (FSB) has reiterated its desire to see markets transit from Ibors to risk-free rates as a critical benchmark, in spite of the Covid-19 pandemic. FSB says it has discussed the impact of the disease on benchmark transition and while its Official Sector Steering Group says it recognises that some aspects of […]
Read More »

Firms Partner to Aid CME TR Migration

Compliance technology and data analytics firm SteelEye, and the London Stock Exchange Group’s regulatory reporting platform UnaVista, have announced a partnership to support financial firms with reporting services as they migrate from CME’s European Trade Repository (TR) and NEX Abide regulatory reporting services, which will close in November 2020. SteelEye has been a technical router into UnaVista’s […]
Read More »

Associations Call for European Benchmark Reform

Four associations have published a briefing paper with recommendations to reform the European Union Benchmarks Regulation (BMR), aimed at maintaining the intended protections of the regulation but reducing the potential for uncertainty and disruption and preventing EU investors from being put at a competitive disadvantage versus non-EU entities. The four associations, the International Swaps and […]
Read More »
1 2 3 4 5 50 51 52 53 54