ISDA Letter to FSB OSSG on Pre-Cessation Issues

ISDA has submitted a letter to the Financial Stability Board’s Official Sector Steering Group (FSB OSSG) on pre-cessation triggers for derivatives fallbacks. The communication is in response to a letter sent by the FSB OSSG to ISDA in November 2019.

The full version of the letter can be viewed by clicking on the attached PDF.

Documents (1) for ISDA Letter to FSB OSSG on Pre-Cessation Issues

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...