On May 22, ISDA, the Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) submitted a letter to the Trading Book Group (TBG) of the Basel Committee on Banking Supervision (BCBS) to express industry concerns regarding the proposed timeline for running an industry-wide quantitative impact study (QIS) on firms’ actual portfolios, in support of the Fundamental Review of the Trading Book (FRTB). ISDA, GFMA and IIF propose an implementation framework and additional steps before the launch of a firm-wide QIS.
Documents (1) for ISDA/GFMA/IIF letter to the BCBS’s TBG on the timeline for a firm-wide QIS in support of the FRTB
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Response on EC’s SFR Proposal
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Natixis CIB Adopts ISDA’s DRR
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Paper on MIFIR PTT
On April 7, ISDA, the Association for Financial Markets in Europe (AFME), the International Capital Market Association (ICMA) and the European Banking Federation (EBF) published a paper on proposals relating to post-trade transparency (PTT) under the Markets in Financial Instruments...
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...