INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

Market Infrastructure

Industry Bodies Call on EU to Reform Benchmarks Regulation

By Editors | 30/06/2020

The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.

Securities / Derivatives

Singapore Banks Ready to Trade SORA Derivatives

By Editors | 29/06/2020

The ABS and SC-STS say “significant progress” has been made in key technical work to support Singapore’s transition from SOR to SORA.

Market Infrastructure

ISDA to Launch 2020 Definitions on Digital Platform by Year-End

By Editors | 31/05/2020

Over time, the platform will allow information contained in the ISDA 2020 Definitions to automatically flow through to trading, operational and risk management systems.

Uncategorised

ISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR

By Editors | 15/05/2020

ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.

Market Infrastructure

EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA

By Manesh Samtani | 07/05/2020

While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.

Market Infrastructure

Industry Bodies Request Margin Exemption Extensions under EMIR

By Manesh Samtani | 06/05/2020

ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.

Market Infrastructure

HKMA Survey Highlights LIBOR Transition Challenges

By Editors | 23/04/2020

About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.

Market Infrastructure

Bloomberg Publishes Rulebook on IBOR Fallback Methodology

By Editors | 23/04/2020

The rulebook’s final methodology, rules and conventions are based on the results of four market-wide consultations ISDA conducted between 2018 and 2020.

Market Infrastructure

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

By Editors | 16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.