INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

    Market Infrastructure

    ISDA Consultation on LIBOR Pre-Cessation Reveals Mixed Results

    By Editors | 12/08/2019

    ISDA received responses from 89 entities expressing a “wide variety of views” on whether and how to implement a pre-cessation trigger, with no clear majority for any approach.

    Market Infrastructure

    ISDA Begins Review of Post-trade Services

    By Editors | 09/08/2019

    ISDA is conducting targeted surveys to identify opportunities for greater automation, reduced operational risk and lower costs in post-trade services.

    Market Infrastructure

    LIBOR Transition Presents Opportunity to Gain Market Share

    By Matthieu Sachot | 08/08/2019

    Financial institutions should be treating the LIBOR transition as an opportunity to strengthen client relationships and win market share, says Matthieu Sachot at Chappuis Halder & Co.

    Market Infrastructure

    ISDA Unveils Preliminary Results of 2nd IBOR Fallbacks Consultation

    By Manesh Samtani | 31/07/2019

    For USD LIBOR, HIBOR and CDOR fallbacks, respondents prefer ‘compounded setting in arrears’ for the adjusted RFR and the ‘historical mean/median approach’ for spread adjustments.

    Market Infrastructure

    BCBS, IOSCO Agree One-year Phased Extension of Initial Margin Rules

    By Editors | 23/07/2019

    Initial margin requirements for firms with uncleared derivatives exceeding $8bn have been extended to September 2021; firms exceeding a $50bn threshold will have to comply in September 2020.

    Market Infrastructure

    BOJ Publishes Consultation on JPY Interest Rate Benchmarks

    By Editors | 03/07/2019

    The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.

    Market Infrastructure

    ISDA Calls for Consistency in Implementation of Margin Rules

    By Manesh Samtani | 18/06/2019

    In order to maximise efficiency, minimise risk and reduce market fragmentation, national regulators must strive for harmonised margin requirements across the globe, ISDA says.

    Market Infrastructure

    ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform

    By Editors | 12/06/2019

    ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.

    Market Infrastructure

    Banks Should Start Considering HONIA Products – HKMA

    By Manesh Samtani | 03/06/2019

    HKMA Deputy Chief Howard Lee says global banks are the “best equipped” and should be taking the lead in the transition to alternative reference rates.

    Market Infrastructure

    ISDA Chief Says the End is in Sight for IBOR Fallbacks

    By Manesh Samtani | 30/05/2019

    ISDA chief Scott O’Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.

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