JAC sends letter to EC and ESAs on Key Information Documents

On May 5, 2017, the Joint Associations Committee on Retail Structured Products (JAC) wrote to the European Commission and European Supervisory Authorities highlighting the risk that, due to the amount of language in the Key Information Documents that is prescribed and not applicable to the products being sold, firms may be compelled to stop trading over-the-counter derivatives with retail investors. The letter was supported by ISDA, ICMA and the Swedish Structured Investments Products Association (SPIS).

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...