ISDA response to Bank of Russia non-cleared margin consultation

ISDA has responded to the Bank of Russia’s consultation paper on mandatory margining of non-centrally cleared over-the-counter derivatives. The industry supports the efforts to align the proposed requirements for the margining of non-cleared derivatives with the joint standards of the Basel Committee on Banking Supervision and International Organization of Securities Commissions.

Documents (1) for ISDA response to Bank of Russia non-cleared margin consultation

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,...