On June 8, ISDA and UK Finance jointly wrote to HM Revenue & Customs (HMRC) to respond to their consultation on tax impacts arising from the withdrawal of LIBOR. The associations welcomed the consultation and the draft guidance included on the subject. As noted in previous correspondence with HMRC, certain tax omissions and certain tax aspects could potentially have material implications and/or cause uncertainties, which may serve as a barrier to secure the consent needed from derivatives counterparties to make contract amendments and could risk obstructing the broader benchmark reform transition project.
Documents (1) for ISDA Responds on Tax Impact of LIBOR Withdrawal
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Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Letter on EU Legislative Reform
On July 1, ISDA and 11 other trade associations published a statement on enhancing the EU legislative and supervisory framework to support market competitiveness. The statement highlights a significant opportunity to strengthen the EU’s regulatory and supervisory framework through the...
Response to CPMI-IOSCO Margin Proposals
On June 29, ISDA submitted a response to a consultation from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) on updated guidance and public quantitative disclosures to implement the 2025 margin proposals....
US Treasury Repo Clearing Indicators May 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities...