On January 15, ISDA submitted a response to the European Commission’s (EC) inception impact assessment on the establishment of a European single access point (ESAP) for financial and non-financial company information. In the response, ISDA highlighted the negative impact of environmental, social and governance data scarcity, the importance of machine-readability of data, and the need to establish non-financial reporting standards prior to digitization. The EC has indicated that a legislative proposal on the establishment of ESAP is expected in the third quarter of 2021.
Documents (1) for ISDA Comments on Establishment of a European Single Access Point
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Recognition of Cross-product Netting is Critical
US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...
ISDA, GFXD Response to FCA on SI Regime
On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...
ISDA, IIF Response to PRA on Market Risk Framework
On September 12, ISDA and the Institute of International Finance (IIF) submitted a joint response to the Prudential Regulation Authority’s (PRA) consultation on adjustments to the market risk capital framework (CP 17/25). ISDA and the IIF strongly believe the market...
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...