ISDA Responds to Swiss FINMA Consultation on Clearing Obligations for RFR Swaps

ISDA has responded to the Swiss Financial Market Supervisory Authority (FINMA) consultation on updated clearing requirements resulting from the transition away from IBORs. ISDA’s response highlights the following points:

  • ISDA members are very supportive of central clearing;
  • There should be a sufficient notice period for clearing participants (clearing members and their clients);
  • Transactions stemming from post-trade risk reduction exercises should be exempt from the clearing obligation;
  • ISDA members welcome the Swiss clearing obligations.

 

Documents (1) for ISDA Responds to Swiss FINMA Consultation on Clearing Obligations for RFR Swaps

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...

Paper on Liquidity Assessment for Single-name CDS

On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...