IQ in Brief: AGM Special – Day 3

The third day of the ISDA Annual General Meeting on May 12 featured panels on the new normal for derivatives markets, the development of local rules to implement Basel III, the digitization of derivatives documentation and alignment between derivatives and securities financing transaction markets.

Reforms to MMFs Necessary, Says Bailey

The ‘dash for cash’ in March 2020 exposed serious vulnerabilities in money market funds that threaten financial stability, and reforms are necessary to improve their resilience, says Andrew Bailey, governor of the Bank of England.

EU Credibility at Stake on Basel III, Says EBA Chair

The EU must implement Basel III in full and without materially deviating from Basel standards or it will undermine the global framework and weaken the effectiveness of the Basel process, European Banking Authority chairperson José Manuel Campa has said.

Buffer Framework Under Review, Says EC’s Berger

The capital and liquidity buffer framework is being reviewed in Europe after banks showed reluctance to draw down their reserves during the coronavirus crisis, a senior European regulator has confirmed.

Resilience of Markets Critical to Pandemic Response, says O’Malia

Regulatory reforms implemented after the last crisis played a critical role in ensuring the resilience of financial markets during the pandemic, and enabled banks to play a key part in helping the various central bank measures flow through to the real economy, according to Scott O’Malia, ISDA’s chief executive.

Derivatives Markets on Path to ‘New Normal’

The derivatives market has begun the journey towards a ‘new normal’ and will be ready to respond to forthcoming challenges, having proved its resilience during the coronavirus pandemic, according to a group of senior regulators speaking on a panel during the final day of the ISDA Annual General Meeting.

Also in this Issue:

  • Digitization Must Begin With Common Standards
  • Consistent Deviation from Basel III Could be Best Option
  • Opportunities for SFT Alignment Exist
  • Thanks to our Sponsors

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

Documents (1) for IQ in Brief: AGM Special – Day 3

Maintaining Focus on Basel III Endgame Recalibration

In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...

Response to CPMI-IOSCO on Consultation

On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....