Tag: Isda

Isda

ISDA Hires Chia as APAC Public Policy Head

The International Swaps and Derivatives Association (ISDA) has appointed Su Yen Chia as its new head of APAC public policy. Chia joins ISDA from Euroclear, where she served as alternate chief executive for Euroclear Bank (Hong Kong branch) from June 2017. In this role, she was responsible for developing policy positions and interacting with regulatory […]

Associations Publish Updated Master Regulatory Reporting Agreement

The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association (ISDA) and International Securities Lending Association (ISLA) have published a new agreement intended to simplify reporting across different European Union regulatory regimes. The Master Regulatory Reporting Agreement (MRRA) gives market participants an option […]

ISDA Launches Another Ibor Consultation

The International Swaps and Derivatives Association (ISDA) has launched a supplemental consultation on the spread and term adjustments that would apply to fallbacks for derivatives referencing euro Libor and Euribor in the event those benchmarks are permanently discontinued. This represents the fourth consultation on the issue by ISDA in recent years and will also cover technical […]

ISDA Publishes Benchmark Fallback Paper

The International Swaps and Derivatives Association (ISDA) has published a report that summarises responses to a consultation on pre-cessation issues for Libor and certain other interbank offered rates (Ibors). The consultation took place between May and July, and sought comment on how derivatives contracts should address a regulatory announcement that Libor or certain other Ibors categorised as critical benchmarks […]

ISDA Publishes Final Consultation on Benchmark Fallbacks

The International Swaps and Derivatives Association (ISDA) has launched a new consultation to finalise the methodologies for the adjustments that will be made to derivatives fallbacks in the event certain interbank offered rates (Ibors) are permanently discontinued. The latest publication follows two earlier consultations, which set out options for the adjustments that will apply to […]

ISDA to Create Custody Function for IM

The International Swaps and Derivatives Association (ISDA) and Linklaters have announced the addition of a new custody function on ISDA Create’s initial margin (IM) offering, which will enable users to complete all documentation required for regulatory IM on a single platform. BNY Mellon will be the first custodian to go live on the platform. ISDA […]

Bloomberg Selected as Benchmark Fallback Vendor

The International Swaps and Derivatives Association (ISDA) has announced that Bloomberg Index Services Limited (BISL) has been selected to calculate and publish adjustments related to fallbacks that ISDA intends to implement for certain interest rate benchmarks in its 2006 ISDA Definitions. Bloomberg was chosen following an in-depth selection process, which began with a public invitation to […]

ISDA Publishes Preliminary Results of Benchmark Fallback Consultation

The International Swaps and Derivatives Association (ISDA) has published a statement summarising the preliminary results of its supplemental consultation on adjustments that would apply to fallback rates in the event certain interbank offered rates (Ibors) are permanently discontinued. The consultation was launched in May, and set out options for spread and term adjustments if fallbacks are triggered […]

Regulators Target Manufactured Credit Events

A joint statement from US and UK regulators signals a continued scrutiny on so-called “manufactured credit events” in the credit derivatives market. The statement, from US Commodity Futures Trading Commission (CFTC) chair Christopher Giancarlo, US Securities and Exchange Commission (SEC) chair Jay Clayton, and UK Financial Conduct Authority (FCA) chief executive Andrew Bailey says, “The […]

ISDA Survey Highlights Close Out Netting as Crucial Factor in Derivatives Growth

Trading volumes in Asia’s derivatives markets are expected to increase, but achieving certainty on close-out netting is identified as an important factor in driving further development of local markets, according to a new survey of derivatives market participants active in Asia-Pacific, published by ISDA to coincide with the start of its Annual General Meeting (AGM) in Hong Kong.
Nearly three quarters of survey respondents expect the proportion of foreign exchange derivatives trading executed in Asia ex-Japan to increase over the next three to five years, while 63% predict an increase in the share of interest rate derivatives traded in the region