ISDA and AFME issue a Position Paper on the Fundamental Review of the Trading Book (FRTB) which serves as the basis for the market risk capital framework included in the Capital Requirement Directive (CRD) V legislative package proposed by the European Commission (EC) in November 2016. While the Industry is supportive of the introduction of the FRTB which aims at addressing structural shortcomings in Basel 2.5, it believes further calibration changes are required in certain areas and other methodological issues need to be appropriately addressed.
Documents (1) for ISDA/AFME Position Paper CRD V/CRR II: Fundamental Review of the Trading Book
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ISDA Guidance: SOFR Publication on Good Friday 2026
ISDA guidance for parties to over-the-counter derivative transactions affected by expected non-publication of SOFR on Good Friday in 2026. Please note that the guidance may be updated from time to time.
ISDA Paper on FRTB Rules in Brazil
On March 24, ISDA submitted a paper to Banco Central do Brazil’s (BCB) on its implementation of the revised market risk framework under the Fundamental Review of the Trading Book (FRTB), which represents an important step toward strengthening prudential standards...
IQ Interview with Mark Uyeda
Mandatory clearing of US Treasury securities is due to begin at the end of this year under rules finalized by the Securities and Exchange Commission (SEC) in 2023. SEC commissioner Mark Uyeda talks to IQ about the benefits of clearing...
Response to FCA on CFI Codes for Transparency
On March 19, ISDA responded to Chapter 3 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on transparency requirements for financial instruments under Market Conduct Sourcebook (MAR) 11. Sections 3.11-3.13 of the consultation paper explain a discrepancy between...