Joint Trade Associations Letter on the Implementation of the CSDR Settlement Discipline Regime

On March 11, ISDA and 14 other trade associations sent a letter to the European Commission and the European Securities and Markets Authority highlighting the industry’s concern with respect to implementation of the settlement discipline regime under the Central Securities Depositories Regulation (CSDR) and the mandatory buy-in requirements. A key concern for members is that the current legislative timetable requires market participants to proceed with a major implementation exercise without any indication of the scope or timing of the CSDR review process, which is not expected to be finalized sufficiently before the implementation date of the settlement discipline regime in February 2022.

Documents (1) for Joint Trade Associations Letter on the Implementation of the CSDR Settlement Discipline Regime

Joint Paper on UK EMIR Reform

On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...

Response to FCA on UK EMIR Reporting

On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...

CDS Trading Activity in EU, UK and US Markets

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...