ISDA Writes to EC on EMIR Article 13 Equivalence

On September 27, ISDA wrote to the European Commission (EC), asking it to address the conditions in Article 13 of the European Market Infrastructure Regulation (EMIR) and related equivalence decisions that make it difficult for EU firms to avoid duplicative and conflicting rules, including for the purpose of compliance with phases five and six of initial margin requirements for non-cleared trades.

LSEG's TradeAgent Integrates ISDA DRR

ISDA has announced that LSEG has integrated ISDA’s Digital Regulatory Reporting (DRR) solution into its Post Trade Solutions business, TradeAgent, representing a significant milestone in the industry deployment of the ISDA DRR. The ISDA DRR converts an industry-agreed interpretation of...

Global FX Derivatives Market Overview

Global FX derivatives average daily turnover reached $6.6 trillion in April 2025, roughly double its level in April 2013. While FX swaps remain the largest segment in absolute terms, recent growth has been driven by outright forwards and FX options,...

Safe, Efficient Markets for SFTs

Securities financing transactions (SFTs) – including repurchase agreements (repo), securities lending, buy/sell backs and margin lending – are foundational to the functioning of modern financial markets. They support the day-to-day distribution of liquidity, enable collateral to move efficiently across cash...