Letter to EC and ESAs on Time-limited Derogations for Intragroup Transactions and Equity Options and Indexes

ISDA welcomes the final report of the European Securities and Markets Authority (ESMA) on the clearing Regulatory Technical Standards (clearing RTS) under the European Market Infrastructure Regulation (EMIR), proposing an extension of the equivalent derogation until December 21, 2020. We ask the European Commission and European Supervisory Authorities to take a similar approach to the derogations under the margin RTS by extending these for two additional years. ISDA believes that an extension would prevent market fragmentation and instability until further equivalence decisions can be adopted.

Documents (1) for Letter to EC and ESAs on Time-limited Derogations for Intragroup Transactions and Equity Options and Indexes

ISDA Response to EC on Environmental Legislation

On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental...

Credit Derivatives Trading Activity Q2 2025

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...

Recognition of Cross-product Netting is Critical

US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...