Evolution of OTC Derivatives Markets Since the Financial Crisis

Over the past decade, significant regulatory reforms have been implemented in order to make derivatives markets safer and more robust. A major test of these reforms came in the first half of 2020, as the COVID-19 pandemic disrupted global financial markets and central banks intervened to provide much-needed liquidity.

While derivatives experienced volatility and liquidity pressures in line with cash markets, they continued to function without any major issues or dislocations reported by policy-makers or market participants.

The performance of derivatives markets during the pandemic reflects important changes and a significant reduction in counterparty credit risk over the past decade. As a result of the financial regulatory reforms, derivatives markets have become safer, more resilient and more transparent.

Documents (1) for Evolution of OTC Derivatives Markets Since the Financial Crisis

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...

ISDA AGM Studio: Future Leaders in Derivatives

Following publication of the latest whitepaper from the ISDA Future Leaders in Derivatives (IFLD) program, Collateral and Liquidity Efficiency in the Derivatives Market: Navigating Risk in a Fragile Ecosystem, Joel Clark talks to IFLD participants Koen Ottenheijm, senior treasury and...