Eurozone Contingency Planning: Asset Class Memoranda

The following briefings address possible effects on particular derivatives asset classes of one or more countries exiting the Eurozone. Neither the existence of this page nor the content of any documents or information posted on it should be taken to imply any opinion on the part of ISDA as to the likelihood of the occurrence of any such event.

ISDA is currently working with counsel in respect of each memorandum to either update or confirm the analysis as current and we will update this page with such updated or confirmed memoranda.

Tags:

Recognition of Cross-product Netting is Critical

US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...

ISDA, GFXD Response to FCA on SI Regime

On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...