On March 31, ISDA, the FIA and Global Financial Markets Association submitted a response to a discussion paper by the European Securities and Markets Authority aimed at clarifying Europe’s financial benchmarks regulation. The regulation organises how financial benchmarks are produced, what obligations are applicable to their administrators and contributors, and how end users may refer to EU and non-EU benchmarks. Formal consultations on draft technical advice and technical standards are expected in the course of 2016.
Documents (1) for ISDA submits joint response on ESMA’s paper on benchmarks
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ISDA Response to FCA on Fund Tokenization
On November 21, ISDA responded to the Financial Conduct Authority’s (FCA) consultation paper CP25/28 on progressing fund tokenization. In the response, ISDA focuses on the use of tokenized assets as both cleared and non-cleared derivatives collateral. Tokenization presents a significant...
ISDA Requests FASB to Consider ASC 815
On November 19, ISDA submitted a request to the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) to clarify whether FASB Accounting Standards Codification (ASC) 815 does not prohibit using the spot method to assess hedge...
ISDA Response to CFTC Tokenized Collateral and Stablecoin Initiative
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