Episode 1: Goodbye LIBOR

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With the clock ticking until the end of 2021, the point at which LIBOR is expected to cease, the derivatives market is working hard to transition to alternative reference rates. ISDA CEO Scott O’Malia speaks to Edwin Schooling Latter, director in markets and wholesale policy at the UK Financial Conduct Authority, about progress in shifting from LIBOR and the challenges posed by ‘tough legacy’ exposures.

ISDA Letter to BCBS on RMA Models

On July 24, ISDA wrote to the Basel Committee on Banking Supervision (BCBS) to request guidance on how the proposed Risk Mitigation Accounting (RMA) model under International Financial Reporting Standard (IFRS) 9/IFRS 7 should be treated for prudential regulatory capital...