ISDA AGM 2019: Market Fragmentation – Key Issues and Impacts

The G20 has identified market fragmentation as a key issue to address this year. What’s driving the concern? How and where is fragmentation affecting the financial and derivatives markets? What can and should policymakers and market participants do about it?

  • Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
  • Thijs Aaten, ISDA Board Member, Chief Finance and Risk Officer, APG Asset Management Asia
  • Jenny Cosco, Managing Director, Co-Head, Government Affairs Asia Pacific, Goldman Sachs (Asia) L.L.C.
  • Stephen M. Humenik, Of Counsel, Covington and Burling LLP
  • Patrick Pearson, Head of Financial Market Infrastructures and Derivatives, European Commission
  • Shunsuke Shirakawa, Vice Commissioner for International Affairs, Financial Services Agency (FSA), Japan

Pursuing Efficiencies of Tokenization

As we mark the 10-year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), which was launched in September 2016 to coincide with the first phase of initial margin (IM) requirements for non-cleared derivatives, we’ve been reflecting on its...

Transition to Mandatory Central Clearing

US Treasury securities sit at the heart of global financial markets and serve as one of the primary forms of high-quality collateral across derivatives and securities financing markets. The transition to mandatory central clearing of US Treasuries therefore has implications...

ISDA Publishes Updated ISDA SIMM Governance

ISDA has published an updated version of the ISDA SIMM® Governance Framework, which sets out the principles under which the ISDA Standard Initial Margin Model® operates and the process through which it will be reviewed and amended on a consistent...