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

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.

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

ISDA, GFXD Response to FCA on SI Regime

On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...