ISDA/JAC response to HMT & BIS consultation on Banking Reform: draft secondary legislation

On October 9, ISDA submitted two responses to the consultation issued by HM Treasury & Department for Business Innovation and Skills on Banking reform: draft secondary legislation (issued in July).

The first response was on behalf of the Joint Associations Committee (JAC) on Retail Structured Products in relation to structured issues.

The second response considers proposals for ring-fenced banks to be permitted to sell simple derivatives products only to their customers.

Data Integrity for Single-sided Reporting

On April 2, ISDA published a paper on why single-sided reporting does not compromise the quality and integrity of data received by supervisors. The paper addresses concerns among regulators that moving from dual-sided reporting would adversely affect the quality of...

Paper on Removal of SI Regime

On April 2, ISDA, the Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) published an update to a paper, originally published in October 2025, on the practical implications of the systematic internalizer (SI) regime...

Measured Adjustments - IQ April 2026

Eighteen years on from the global financial crisis of 2008, the rollout of central clearing, margining of non-cleared derivatives trades and higher capital requirements has completely reshaped derivatives trading and risk management. But effective regulation requires regular monitoring to ensure...