ISDA’s Regional Events in October covered a variety of key issues for derivatives markets, including LIBOR transition, sustainable finance, clearing equivalence and the digitisation of derivatives markets.
O’Malia: ISDA Committed to Supporting Green Transition
Financial markets have a critical role to play in mobilising the estimated $110 trillion in capital that is needed to transition to a green economy and ISDA is committed to promoting legal certainty, standards and best practices to support the transition, ISDA chief executive Scott O’Malia has said.
Litvack: Capital Treatment of Carbon Credits Critical
Carbon trading markets will likely play an important role in helping countries meet their emissions-reduction targets, but appropriate capital treatment of carbon credits is essential to ensure this market can function efficiently, according to Eric Litvack, chairman of ISDA.
Act Now on US Dollar LIBOR, says New York Fed’s Wuerffel
Firms should act now to reduce their use of US dollar LIBOR, ahead of a year-end supervisory deadline to halt new US dollar LIBOR trades, says Nate Wuerffel, senior vice president in the markets group at the Federal Reserve Bank of New York.
Effective Regulation Critical for UK Finance, says HM Treasury
The UK government is seeking to set openness, innovation, sustainability and competitiveness at the core of its financial services sector as it reviews the regulatory framework following Brexit, according to Richard Knox, co-director of the financial services group at HM Treasury.
Also In This Issue:
- Work Together with Urgency on LIBOR Transition
- European Commission Considering Industry Feedback on Euro Clearing Relocation
- Digitisation Addresses Patchwork Documentation
- Thanks to Our Sponsors
Please click on the PDF below to read the full issue.
Documents (1) for IQ in Brief: Regional Events Special
Latest
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...
Response to SEC on FICC Guaranty Fund
On September 1, ISDA and FIA submitted a joint response to the US Securities and Exchange Commission (SEC), supporting the Fixed Income Clearing Corporation’s (FICC) proposal to establish a dedicated guaranty fund at its government securities division (GSD). FICC had...
