JAC, ICMA, and ISDA Supplementary Observations to Consultation on TUB Article 129 – English Translation

On July 14, the Joint Associations Committee on Retail Structured Products (JAC) along with the International Capital Market Association (ICMA) and ISDA (with the support of the Associazione Italiana Intermediari Mobiliari (ASSOSIM)) wrote to The Bank of Italy with supplementary observations relating to the consultation document “Information reporting as contemplated in Article 129 of the TUB relating to the offer of financial instruments in Italy” (dated October 2013). The response was filed to the Bank of Italy in Italian only. The original response to the same consultation is dated December 13, 2013 and is available on the JAC page.

Documents (1) for JAC, ICMA, and ISDA Supplementary Observations to Consultation on TUB Article 129 – English Translation

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...