Joint Trade Associations Paper Requesting an Extension of the Third-country Benchmarks Transition Period

ISDA and 13 other trade associations have published a paper expressing concern that the EU Benchmarks Regulation (BMR) third-country benchmarks regime transition period should be extended to end-2025. The European Parliament and the Council of the European Union are in final negotiations on a revision of BMR, with the council having supported an extension to end-2025 in its version of the draft text.

The associations believe this extension is urgently needed to prevent putting EU firms being placed at a competitive disadvantage in global markets and to allow policy-makers to conduct a comprehensive review of the current third-country regime under BMR.

Documents (1) for Joint Trade Associations Paper Requesting an Extension of the Third-country Benchmarks Transition Period

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...

Paper on Liquidity Assessment for Single-name CDS

On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...