The Chamber of Commerce, SIFMA, ISDA, the Structured Finance Association, the Bank Policy Institute and the Loan Syndications and Trading Association submitted an amicus brief, in support of defendants-appellees, in the U.S. District Court in the Northern District of California. The amicus brief urges the court to deny plaintiffs’ injunction request to immediately halt the publication of the U.S. dollar LIBOR benchmark rate in McCarthy v. Intercontinental Exchange, a case involving the issue of whether the establishment of an industry financial benchmark, such as U.S. Dollar LIBOR, and related sale of financial products based on that benchmark, constitutes a per se violation of U.S. federal antitrust laws’ prohibition on illegal price fixing.
Documents (1) for McCarthy v. Intercontinental Exchange
Latest
Key Trends in OTC Derivatives Market H2 2025
The latest data from the Bank for International Settlements over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the second half of 2025 compared to the same period in 2024. Notional outstanding rose across all...
ISDA-SIFMA letter to SEC on Swap Dealer Thresholds
ISDA and SIFMA have submitted a comment letter to the SEC in response to the staff report on the definitions of “security-based swap dealer” and “major security-based swap participant.” The associations recommend maintaining the current de minimis thresholds for both...
ISDA responds to RBI consultation on SA-CCR
On July 1, ISDA responded to the Reserve Bank of India's (RBI) consultation on draft amendment directions on the standardized approach for counterparty credit risk (SA-CCR). ISDA broadly welcomes the RBI's move to SA-CCR and updated capital treatment for exposures...
Data Subject Access Request Form
Pursuant to its mission to promote safe and efficient markets within the over-the-counter (OTC) derivatives industry, The International Swaps and Derivatives Association, Inc. (ISDA) processes personal data of its employees, members and non-members (for example individuals attending ISDA conferences or...