ISDA Comment Letter to CFTC on Risk Management Requirements for DCOs

Contains the response of the International Swaps and Derivatives Association, Inc. (“ISDA”) to the Commodity Futures Trading Commission’s (the “Commission”) notice of proposed rulemaking (“NPR”) regarding the regulations to implement derivatives clearing organization (“DCO”) core principles as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).

Read the Comment Letter

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...