ISDA and FIA Europe have jointly responded to draft guidelines from the European Securities and Markets Authority that aim to clarify the scope of financial instruments (commodity derivatives) under MIFID I – in particular, physically settled contracts traded on regulated markets (RMs) and multilateral trading facilities (MTFs), and other contracts not traded on RMs or MTFs that have the characteristics of financial instruments.
Documents (1) for MIFID I – commodity derivatives: Joint ISDA/FIA Europe response to ESMA consultation on draft guidelines
Latest
Response to ESMA Guarantees
On April 30, ISDA responded to the European Securities and Markets Authority (ESMA) consultation paper on guarantees as central counterparty (CCP) collateral and certain aspects of CCP investment policy. ISDA broadly supports ESMA’s proposed draft regulatory technical standards (RTS) to...
ISDA AGM Studio: Jenny Cosco and Jason Granet
Jenny Cosco, global head of government relations and regulatory strategy at LSEG, and Jason Granet, chief investment officer at BNY, speak with Tara Kruse, ISDA’s global head of derivative products and infrastructure, about how firms can manage liquidity pressures during...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Capital Models Benchmarking: A Framework for Counterparty Credit Risk Internal Models
When firms implement capital models in line with supervisory standards, a range of interpretative and implementation choices inevitably arise. These choices reflect differences in modeling approaches, data availability, system architecture and risk management practices, and can lead to variation in...