Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.
November 11, 2019The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark's nonrepresentativeness.
October 22, 2019The current CVA rules due for implementation in January 2022 could lead to an inappropriately sharp increase in capital requirements for derivatives businesses.
October 9, 2019For 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.
July 31, 2019ISDA 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.
June 12, 2019ISDA chief Scott O'Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.
May 30, 2019ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada's CDOR. It is also proposing to include the SOFR in Singapore's SOR calculation following USD LIBOR's cessation.
May 21, 2019Close-out netting is the single most effective tool for reducing credit risk between counterparties, says ISDA chief Scott O'Malia, highlighting the ambiguity over its treatment in key jurisdictions.
April 11, 2019'ISDA Create – IM' is expected to significantly reduce the time and resources it takes to negotiate margin documentation for participants in non-cleared OTC derivatives markets.
February 7, 2019Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.
January 25, 2019