Summary of Regulatory Reporting Requirements for Benchmark Cessation

Immediately following December 31, 2021, several LIBOR tenors will discontinue or become non-representative. This will impact regulatory reporting requirements for Interest Rate trades across jurisdictions. Some regulators have published guidance of how to adhere to reporting expectations following IBOR cessation, but this guidance is not all in a single location and does not address all the questions raised by market participants.

This summary document aims to consolidate the regulatory guidance published by regulators along with the additional impacts to reporting requirements discussed within ISDA working groups that market participants may want to consider to meet the obligations for reporting fallbacks and transfers to RFRs.

Documents (1) for Summary of Regulatory Reporting Requirements for Benchmark Cessation

Response to EC Consultation on MICA Review

On September 29, ISDA responded to the European Commission’s (EC) targeted consultation on the review of the Markets in Crypto-Assets Regulation (MICA). ISDA’s response focuses on tokenization in over-the-counter derivatives and collateral markets. It argues that tokenized collateral can enable...

2026 FX Definitions: Act Now

On November 22, 2027, the 2026 FX Definitions will come into effect. From that point, these definitions will become the market standard for all cleared and new non-cleared FX derivatives, and the Swift messaging service will halt its support of...