1. Public Policy
  2. Europe
  3. ISDA Responds to EC’s Supervisory Reporting Requirements ‘Fitness Check’

ISDA Responds to EC’s Supervisory Reporting Requirements ‘Fitness Check’

Public Policy
Europe March 21, 2018
< 1  min.read

On March 14, ISDA responded to the European Commission’s ‘Fitness Check’ of supervisory reporting requirements with several key recommendations, including:

  • A ‘report once/permission access to data once’ regime: firms would produce a single dataset which the relevant regulators could cut to suit their particular regulatory objectives;
  • Alignment of reporting rules across jurisdictions – including continued ISDA advocacy for single-sided reporting globally; and
  • Supporting global harmonisation of the unique transaction identifier, unique product identifier and critical data elements of OTC derivatives reported to trade repositories.

Click on the link below for the full response.

Tags:

Documents (1) for ISDA Responds to EC’s Supervisory Reporting Requirements ‘Fitness Check’

Latest

Global Trading in INR Derivatives

Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...

Response to FCA on Commodity Derivatives Clearing

On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...

Response on EC’s SFR Proposal

On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...