ISDA and the Association for Financial Markets in Europe (AFME) have submitted a joint response to the European Central Bank (ECB) Guide on Climate and Environmental Risks. For the second year in a row, the ECB has identified climate-related and environmental risks as a key risk driver in the Single Supervisory Mechanism Risk Map for the euro area banking system. This four-month consultation on the ECB Guide to climate-related and environmental risks details how such risks should be managed by banks. As part of a supervisory dialogue in 2021 based on end-2020, significant institutions will be asked to inform the ECB of any divergences of their practices from the supervisory expectations described in the document. Where needed, significant institutions will be expected to promptly start adapting their practices. The industry sets out its general comments submitted as part of the consultation response.
Documents (1) for ISDA, AFME Respond to ECB Guide on Climate and Environmental Risks
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Response to EC Consultation on Carbon Price
On June 10, ISDA responded to the European Commission’s (EC) consultation on the calculation of the carbon price paid in a third country under Article 9 of the Carbon Border Adjustment Mechanism (CBAM). ISDA supports the EC’s proposal that evidence...
Response to CFTC on Clearing Requirements
On June 11, ISDA responded to the US Commodity Futures Trading Commission’s notice of proposed rulemaking on the clearing requirement determination under Section 2(h) of the Commodity Exchange Act for interest rate swaps to account for Canadian dollar-denominated and Mexican...
Digital Assets and Derivatives: Where Next?
Digital assets are moving into a phase of institutional integration into derivatives markets. Trading venues, custodial infrastructures and tokenization platforms now exist across both traditional financial markets and public blockchain networks. While this diversity has accelerated innovation and liquidity formation,...
ISDA Publishes ISDA SIMM® Methodology, Version 2.8+2512
Following the 2026 primary calibration exercise, ISDA is pleased to publish SIMM® version 2.8+2512. This version of the ISDA SIMM has updates that are based on the full recalibration of the model using historical data up to 31 December 2025....