ISDA Publishes Response to European Commission Consultation on the Renewed Sustainable Finance Strategy

On July 15, ISDA submitted a response to the European Commission’s (EC) consultation on its Renewed Sustainable Finance Strategy. ISDA provided responses either in standalone form and/or in coordination with the Association for Financial Markets in Europe (AFME) to Questions 3, 7, 15, 18, 29, 30, 33, 34 36, 39, 52, 53 and 88, which are of relevance from a derivatives perspective. In relation to prudential aspects of the consultation, ISDA endorsed AFME’s responses to Questions 84, 85, 88, 89, while refraining from commenting on the possible creation of a ‘brown taxonomy’. The answers provided to all other questions set out in the response are endorsing AFME’s respective positions. The EC plans to adopt the Renewed Sustainable Finance Strategy by the end of 2020.

Documents (1) for ISDA Publishes Response to European Commission Consultation on the Renewed Sustainable Finance Strategy

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...