ISDA/FIA response to the ESMA CP on clearing obligation for G4 interest rate derivatives

On August 18, ISDA and the Futures Industry Association (FIA) responded to the European Securities and Markets Authority (ESMA) clearing obligation consultation on interest rate derivatives. Key issues in the response include the application of the frontloading requirement, phase-in periods and counterparty categorisation.

Documents (1) for ISDA/FIA response to the ESMA CP on clearing obligation for G4 interest rate derivatives

Maintaining Focus on Basel III Endgame Recalibration

In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...

Response to CPMI-IOSCO on Consultation

On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....