ISDA and AFME Respond to ESMA Consultation on Short Selling

On November 19, 2021, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response on the European Securities and Markets Authority’s (ESMA) consultation on the review of certain aspects of the short selling regulation. The response covers ESMA’s analysis on the impact of short selling bans, the definition of the relevant competent authority and ESMA’s proposal on a centralized notification and publication system, among other areas.

ESMA is now expected to take stakeholder feedback into account and submit a report to the European Commission in the first quarter of 2022.

Documents (1) for ISDA and AFME Respond to ESMA Consultation on Short Selling

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...