Trade Associations Submit Letter on UK CCP Equivalence

On September 16, 2021, ISDA and eight other trade associations representing a broad group of market participants (the Association for Financial Markets in Europe, the Alternative Investment Management Association, the European Association of Public Banks, the European Banking Federation, the European Fund and Asset Management Association, the Futures Industry Association, the Investment Company Institute and the asset management group of the Securities Industry and Financial Markets Association) sent a letter to commissioner Mairead McGuiness, requesting that the European Commission (EC) extend its equivalence decision for UK central counterparties.

This equivalence decision is set to expire on June 30, 2022, although the associations request that the EC provide clarity as soon as possible and well in advance of March 2022 in order to prevent negative financial, commercial, operational and level playing-field effects on EU counterparties and clearing members and to enable continued access to global pools of liquidity after June 30, 2022.

Documents (1) for Trade Associations Submit Letter on UK CCP Equivalence

ISDA AGM Studio: José Manuel Campa, EBA

José Manuel Campa, chairperson of the European Banking Authority, speaks to Mark Gheerbrant, ISDA’s global head of risk and capital, about concerns over differences in timing and content of the Basel III reforms across jurisdictions and what can be done...

ISDA AGM Studio: Doug Donahue and Oliver Maxwell

Just a small delay in the delivery and receipt of a termination notice can have significant economic consequences for derivatives counterparties. Doug Donahue, partner at Linklaters, and Oliver Maxwell, product management director, platforms and regulatory compliance at S&P Global Market...