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

Global Trading in INR Derivatives

Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...

Response to FCA on Commodity Derivatives Clearing

On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...

Response on EC’s SFR Proposal

On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...