On February 16, 2022, ISDA responded to the joint Bank of England and Financial Conduct Authority consultation on changes to reporting requirements, procedures for data quality and registration of trade repositories under the UK implementation of the European Market Infrastructure Regulation (EMIR). The consultation sets out proposals for aligning the UK’s derivatives reporting framework with international guidance from the Committee on Payments and Market Infrastructures and International Organization of Securities Commissions. It also covers measures for mandatory delegated reporting requirements, counterparty notifications and reconciliations processes, and the use of XML schemas and global identifiers.
In the response, ISDA highlights several observations and suggestions on topics including the use of identifier codes, report formats, mandatory delegated reporting requirements, unique trade identifiers and the reporting of exchange-traded derivatives as over-the-counter trades.
Documents (1) for ISDA Responds to Bank of England and FCA on UK EMIR
Latest
ISDA Response on Common Carbon Data Model
On August 12, ISDA responded to a consultation from the Climate Data Steering Committee (CDSC) on a Common Carbon Credit Data Model. ISDA members believe the Group-of-20 carbon data model initiative is a positive step in addressing data gaps and...
Joint Response on RBA Consultation
On August 11, ISDA and FIA submitted a joint response to the Reserve Bank of Australia (RBA) on its consultation on guidance for Australia’s clearing and settlement facility resolution regime. The associations welcome publication of the draft guidance, which provides...
SwapsInfo H1 2025 and Q2 2025
Interest rate derivatives (IRD) trading activity increased in the first half of 2025, driven by continued interest rate volatility, evolving central bank policy expectations and persistent macroeconomic uncertainty. Trading in index credit derivatives also rose, as market participants responded to...
ISDA Response to IFSCA Consultation
On August 5, ISDA responded to the International Financial Services Centres Authority’s (IFSCA) consultation on reporting and clearing of over-the-counter (OTC) derivatives contracts booked in International Financial Services Centres (IFSC). In the response, ISDA provided the following recommendations: Not mandating...