Response to BCBS on Principles on Climate-related Financial Risk

On February 16, 2022, ISDA and the Global Financial Markets Association (GFMA) submitted a joint response to the Basel Committee on Banking Supervision’s (BCBS) consultation on principles for the effective management and supervision of climate-related financial risks. The associations welcome guidance to foster alignment of supervisory standards and practices for addressing climate-related financial risks. The associations support the BCBS’s intention to achieve a balance in fostering effective risk management practices for climate-related financial risks and provide a common baseline for internationally active banks and supervisors, while maintaining sufficient flexibility to support necessary innovation in a fast-evolving landscape.

Documents (1) for Response to BCBS on Principles on Climate-related Financial Risk

Pursuing Efficiencies of Tokenization

As we mark the 10-year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), which was launched in September 2016 to coincide with the first phase of initial margin (IM) requirements for non-cleared derivatives, we’ve been reflecting on its...

Transition to Mandatory Central Clearing

US Treasury securities sit at the heart of global financial markets and serve as one of the primary forms of high-quality collateral across derivatives and securities financing markets. The transition to mandatory central clearing of US Treasuries therefore has implications...