ISDA Hosts Regional Regulators Workshop

NEWS RELEASE
For Immediate Release

ISDA Hosts Regional Regulators Workshop

HONG KONG, Thursday, July 21, 2011 – The International Swaps and Derivatives Association, Inc. (ISDA) hosted an Asia Pacific Regulators Workshop in Hong Kong today with supervisors and policymakers from 19 regulatory bodies across the Asia Pacific region. The one-day session, which was a follow-up to the ISDA Asia Pacific Regulators Summit held in May, addressed specific challenges related to the implementation of over-the-counter (OTC) derivatives regulatory reform in the region.

Topics discussed included the current status of central clearing and trade repository developments in Asia Pacific, implications of market-by-market regulatory and infrastructure solutions, and the impact of Financial Stability Board and G20 standards.

ISDA recognizes the importance of central clearing (assuming it is prudently structured and managed) and trade reporting to regulators in improving the safety and transparency of the marketplace. ISDA urges regional regulators to take a coordinated and cooperative approach to ensure that initiatives in these areas are harmonized so that they decrease rather than increase risk.

“ISDA believes that harmonization market structure initiatives is critical to reducing systemic risk and maximizing market efficiency. We are committed to working closely with regulators around the world and in the region to implement solutions that help the market operate safely and efficiently,” said Robert Pickel, Executive Vice Chairman, ISDA.

For More Information, Please Contact:
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
Deirdre Leahy, ISDA New York, +1 212 901 6021, dleahy@isda.org
Rose Millburn, ISDA London, +44 203 088 3526, rmillburn@isda.org

Documents (1) for ISDA Hosts Regional Regulators Workshop

Joint Paper on UK EMIR Reform

On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...

Response to FCA on UK EMIR Reporting

On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...

CDS Trading Activity in EU, UK and US Markets

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...