On May 6, 2022, ISDA responded to the European Securities and Markets Authority’s (ESMA) request for feedback on its updated draft validation rules and reconciliation tolerances for a new set of reportable details under the European Market Infrastructure Regulation (EMIR) Refit. The changes made by ESMA were based on responses to the EMIR reporting guidance consultation paper, which ISDA responded to on October 5, 2021. In its response, ISDA highlights its support for the broad changes that ESMA has proposed.
Documents (1) for ISDA Responds to ESMA’s Updated Validation Rules for EMIR Refit
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ISDA Letter to FASB on Agenda Consultation
On June 30, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to the proposal File Reference No. 2025-ITC100, Agenda Consultation. In the letter, ISDA believes the highest priority should be given to expanding the hedge...
Joint Paper on UK EMIR Reform
On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...
Response to FCA on UK EMIR Reporting
On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...
CDS Trading Activity in EU, UK and US Markets
This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...