IQ in Brief: AGM Special – Day 1

ISDA held the first day of its virtual Annual General Meeting on May 10, with sessions on LIBOR transition, alternative reference rates, diversity in derivatives markets and the forthcoming introduction of the 2021 ISDA Interest Rate Derivatives Definitions.

O’Malia: Pandemic has Accelerated Derivatives Digitization

The coronavirus pandemic has triggered a digital revolution in the derivatives market, accelerating the move towards a more automated, fully digital operating environment, ISDA chief executive Scott O’Malia has said.

Time to Put Foot on Accelerator of LIBOR Transition, Say Panelists

Continued publication of certain US dollar LIBOR settings until mid-2023 should not be interpreted as a delay, and firms should step up their efforts to prepare to use alternative reference rates for all new trades by the end of this year, according to speakers on a LIBOR panel at the start of this year’s ISDA Annual General Meeting.

Liquidity Will Centre on RFRs, Panelists Say

Risk-free rates will see the lion’s share of liquidity in the post-LIBOR world, but there are uses for alternative rates, including those with a credit-sensitive component, AGM speakers said.

Regulators Explore COVID Lessons

A variety of regulatory workstreams are under way to explore the implications of market stress caused by the coronavirus crisis last year and to understand if policy responses may be necessary, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) and chief executive of Hong Kong’s Securities and Futures Commission.

ISDA 2021 Definitions Due for October Implementation

ISDA is targeting implementation of the 2021 ISDA Interest Rate Derivatives Definitions over the weekend of October 2/3, with the new definitional booklet for cleared and non-cleared interest rate derivatives due to be published within weeks.

Also In This Issue:

  • ISDA Protocol Has Helped to De-risk Market
  • Cooperation on Climate Change Critical, says Behnam
  • Time to Normalize Flexible Working, Say Speakers
  • At the AGM Today

Please click on the attached PDF to read the full issue.

Documents (1) for IQ in Brief: AGM Special – Day 1

Digital Assets and Derivatives: Where Next?

Digital assets are moving into a phase of institutional integration into derivatives markets. Trading venues, custodial infrastructures and tokenization platforms now exist across both traditional financial markets and public blockchain networks. While this diversity has accelerated innovation and liquidity formation,...

Launch of US Treasury Repo Market Indicators

ISDA has launched the ISDA-Actrix US Treasury Repo Market Clearing Indicators in collaboration with Actrix. The indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation...