ISDA’s comment letter on Clearing Member Risk Management

ISDA’s letter to the CFTC in response to the Notice of Proposed Rulemaking regarding Clearing Member Risk Management (the “NPR”, and the rules it describes, the “Proposed Rule”) issued by the Commodity Futures Trading Commission (the “Commission”), seeking comments on proposed rules regarding risk management for cleared trades by futures commission merchants (“FCMs”), swap dealers(“SDs”) and major swap participants (“MSPs”) that are clearing members.

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Documents (1) for ISDA’s comment letter on Clearing Member Risk Management

Key IRD Trends from BIS 2025 Survey

This paper highlights changes in over-the-counter (OTC) interest rate derivatives (IRD) markets between April 2022 and April 2025, based on data from the Bank for International Settlements (BIS) Triennial Central Bank Survey. The survey provides a comprehensive view of global...

RMB IRD Growth in Mainland China & Hong Kong

This report analyzes interest rate derivatives (IRD) activity in mainland China and Hong Kong, with a particular focus on renminbi (RMB)-denominated IRD. It examines market growth, structure and integration across onshore and offshore centers, and places these developments within the...