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

SwapsInfo

ISDA SwapsInfo enhances transparency in the over-the-counter (OTC) derivatives markets by transforming publicly available data into user-friendly, interactive tools. It provides clear, accessible insights into trading volumes for interest rate derivatives (IRD) and credit derivatives. Users can easily chart, analyze,...

ISDA Response to EC on Environmental Legislation

On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental...

Credit Derivatives Trading Activity Q2 2025

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...