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
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Recognition of Cross-product Netting is Critical
US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...
ISDA, GFXD Response to FCA on SI Regime
On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...
ISDA, IIF Response to PRA on Market Risk Framework
On September 12, ISDA and the Institute of International Finance (IIF) submitted a joint response to the Prudential Regulation Authority’s (PRA) consultation on adjustments to the market risk capital framework (CP 17/25). ISDA and the IIF strongly believe the market...
ISDA Response on Clearing Costs
On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...