ISDA recently published the ISDA 2018 US Resolution Stay Protocol to help market participants comply with stay regulations issued in the US by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. The regulations require global systemically important banks to include contractual stays on early termination rights in qualified financial contracts.
Today, ISDA published a webinar in Japanese explaining the US Resolution Stay Protocol and related regulations. The webinar is intended to educate market participants who may need to adhere to the protocol in order to comply with the regulations.
Adherence to the US Resolution Stay Protocol is open to ISDA members and non-members. Please visit the Protocols section of the ISDA website to view the protocol, the current list of adhering firms, frequently-asked-questions and other background materials.
For asset managers and other agents that need to provide information about underlying principals using an electronic platform, the US Resolution Stay Protocol will be available on ISDA Amend, a joint offering developed by ISDA and IHS Markit, later in 2018. Further information on ISDA Amend, including presentations, documentation and audio playback, is available on the ISDA Amend website.
Watch: ISDA 2018 US Resolution Stay Protocol: An Introductory Webinar in Japanese
Latest
Strengthening DC Governance
The Credit Derivatives Determinations Committees (DCs) play a vital role. Without a single, industry-wide determination on whether a credit event has occurred, it simply wouldn’t be possible to clear credit default swaps (CDS), making the market less safe and less...
ISDA CSA Significant Errors Notification SOP
The ISDA CSA Notification of Significant Error or Omissions Suggested Operational Practices (SOP) considers current institutional processes and outlines suggested operational practices related to the new requirement under §26.3(2) of the Canadian Trade Repositories and Derivatives Data Reporting rules rewrite...
ISDA Paper on UPI Identifiers
On July 16, ISDA submitted a paper (UPI as the Foundation for OTC Derivatives Reporting: The Case for UPI) to the UK Financial Conduct Authority (FCA). The paper was developed to complement ISDA’s response to the FCA’s discussion paper DP24/2:...
IRD Trading Activity First Quarter of 2025
This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the first quarter of 2025 include:...