INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION

    Market Infrastructure

    ISDA Consults on Fallback Benchmarks for Discontinued IBORs

    By Garima Chitkara | 16/07/2018

    ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.

    Market Infrastructure

    Capital Markets Industry Groups Call For Transition Away from IBORs

    By Garima Chitkara | 27/06/2018

    Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.

    Market Infrastructure

    The End of IBOR – The Asia Take

    By Matthieu Sachot | 19/06/2018

    Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

    Market Infrastructure

    ISDA Seeks Feedback on Common Domain Model for Derivatives

    By JP Reimann | 07/06/2018

    First digital version of the ISDA CDM covers interest rate and credit derivatives products; aims for efficiency, interoperability, reduced complexity in derivatives market.

    Market Infrastructure

    Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA

    By Garima Chitkara | 12/04/2018

    ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.

    Market Infrastructure

    Hong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives

    By Samuel Riding | 29/03/2018

    Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.

    Capital / Liquidity

    Asian Firms at Risk of Drowning Under Wave of Regulation from US, Europe

    By David Farmery | 30/11/2017

    The wave of financial regulation about to wash over Europe and North America could eventually overwhelm Asian institutions.

    Securities / Derivatives

    Japanese Banks Call for Simplified UPI Rules

    By Editors | 20/11/2017

    Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.

    OTC Derivative Margin Requirements – Still Work to be Done

    By Samuel Riding | 09/11/2017

    Mark Jennis of Global Collateral suggests it will take a further two years for Asia Pacific firms to get all their ducks in a row.

    Securities / Derivatives

    ISDA Urges EU Not to Force Local Clearing Post Brexit

    By Editors | 23/08/2017

    Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

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