ISDA Endorses Creation of ESAP

On March 12, 2021, ISDA submitted a response to the European Commission’s (EC) consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial data. In its response, ISDA endorses the creation of ESAP, highlighting the benefits for cross-border access to meaningful information and the reporting of environmental, social and governance-related information. With respect to the scope of ESAP, ISDA recommends that the eventual administrators of ESAP should focus on a small number of data points at the initial stage, characterized by low-frequency and raw company level data, such as data resulting from the Transparency Directive, Accounting Directive and Audit Directive as well as the revised Non-Financial Reporting Directive. In addition, the ISDA response discusses the usability and data governance of ESAP by highlighting the potential benefits of the Common Domain Model.

The EC is expected to launch a legislative proposal on the creation of ESAP in the second half of 2021.

RMB IRD Growth in Mainland China & Hong Kong

This report analyzes interest rate derivatives (IRD) activity in mainland China and Hong Kong, with a particular focus on renminbi (RMB)-denominated IRD. It examines market growth, structure and integration across onshore and offshore centers, and places these developments within the...

Paper on Proposal 6 on Margin Transparency

On November 16, ISDA published a document that looked at proposal 6 in the final Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) report on margin transparency. Proposal...

Tender Issued for DC Administrator Role

ISDA and the Credit Derivatives Governance Committee have issued an invitation to tender for an independent regulated entity to serve as the administrator for the Credit Derivatives Determinations Committees (DCs), which includes assuming the role of DC secretary. The DC...