ISDA-FIA Supplemental Comment Letter to G-SIB Surcharge

ISDA and the Futures Industry Association (FIA) supplemental comment letter on the proposed changes by the Board of Governors of the Federal Reserve System to the mandatory Banking Organization Systemic Risk Report form (FR Y-15) to add to the Complexity and Interconnectedness indicators of the G-SIB Surcharge any over-the-counter (OTC) derivatives transaction in which a US global systemically important banking organization (G-SIB), acting as agent for its client’s trade with a central counterparty (CCP), guarantees the client’s performance to the CCP.

 

Documents (1) for ISDA-FIA Supplemental Comment Letter to G-SIB Surcharge

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...

Assessing Tokenized MMFs as Eligible Collateral

Distributed ledger technology and digital assets have matured from their early stages to solutions capable of addressing longstanding inefficiencies in collateral management. Tokenized money market funds (TMMFs) represent a particularly promising area for the application of this technology, combining the...