ISDA Response to METI’s Consultation on Carbon Credit Report

On May 13, 2022, ISDA submitted its response to Japan’s Ministry of Economy, Trade and Industry’s (METI) consultation on its carbon credit report. In its response, ISDA highlights the important role derivatives and financial institutions play in the carbon credit markets by increasing liquidity and transparency. ISDA also notes it is important to clarify the legal nature of voluntary carbon credits (VCC) to enhance the robustness of the VCC trading market.

Episode 59: Reducing Burdens

As she nears the end of her term as chair of the European Securities and Markets Authority, Verena Ross joins The Swap to discuss progress in simplifying and reducing the burden of EU financial regulation, including transaction reporting. Please view...

CDS Market Dynamics: Record 2025

Global credit default swap (CDS) market activity reached a record $41.8 trillion in 2025, surpassing the previous peak of $38.7 trillion in 2022. Index CDS drove the increase, accounting for 93.3% of total activity and reaching a record $39.0 trillion....

ISDA Letter to BCBS on RMA Models

On July 24, ISDA wrote to the Basel Committee on Banking Supervision (BCBS) to request guidance on how the proposed Risk Mitigation Accounting (RMA) model under International Financial Reporting Standard (IFRS) 9/IFRS 7 should be treated for prudential regulatory capital...