ISDA’s Pickel addresses friction between rules and commitments

ISDA executive vice-chairman Robert Pickel said regulators were "sensitive" to the issues created by the scrapping of the TriOptima repository. A clause in the new Fed letter should help to reduce the chance of another rates repository rethink situation, said Pickel. Pickel was speaking in a video interview with Risk magazine’s Duncan Wood at Isda’s annual general meeting in Prague on April 14. SUBSCRIPTION REQUIRED.

Watch: ISDA’s Pickel addresses friction between rules and commitments

Response on CCP Participation Requirements

On December 24, ISDA responded to a consultation from the European Securities and Markets Authority (ESMA) on central counterparty (CCP) participation requirements. Participation requirements for CCPs are vital for safe and efficient clearing markets, and ISDA broadly supports ESMA’s consultation...