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
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...