ISDA responded to the CPSS-IOSCO consultative report on Public quantitative disclosure standards for CCPs issued for comment on October 15. The consultation aims to increase the depth and consistency of quantitative disclosure related to CCPs to allow stakeholders to more comprehensively understand, evaluate and manage the risks inherent with their participation at any given CCP.
The ISDA response comments to particular questions detailed in the consultation supporting overall that more detailed and standardized quantitative data, available consistently across CCPs, will foster greater interaction between CCPs and their clearing participants that will promote more robust risk management practices and allow clearing participants to more effectively assess, monitor and manage CCP risk exposures. The Disclosure Framework, issued as response to key consideration 5 of principle 23 of the CPSS- IOSCO Principles for financial market infrastructures (PFMIs), will underpin clearing participant due diligence and risk assessment of CCPs.