The ISDA Industry Governance Committee (IIGC) is made up of senior business professionals from the ISDA Board and IIGC committees. Its role is to oversee all strategic issues and lead the dialogue with regulators and market participants on key regulatory implementation issues in the global derivatives markets. The IIGC will also consider issues such as extra-territoriality that affect many different parts of the regulatory landscape. The ISDA Public Policy team in each region will facilitate the dialogue with supervisors and regulators.
The IIGC structure has evolved to include ISDA Regulatory Implementation Committees (RICs). These Committees – Risk & Margin, Conduct Of Business, Organized Trade Execution and Data & Reporting — are charged with addressing specific issues within their domain as outlined in the image below. The existing ISDA Product Steering Committees are primarily asset class specific (Credit, Rates, Equity and Commodities). They are made up of senior business management at the asset class level and focus on providing product-specific perspective to the IIGC and the RICs.
IIGC Chair: Charles Mulhern, Wellington Management Company
Latest
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...