ISDA and FIA Respond to ESMA’s Consultations on Guidelines in Relation to CCP R&R Regulation

On May 19, ESMA published four consultations on proposed guidelines for the EU central counterparty resolution regime (CCPRRR).

ISDA and the Futures Industry Association (FIA) responded to three of these four consultations:

  • Consultation on Guidelines Template Summary Resolution Plans Article 12(7)(a)
  • Consultation on Art 79 CCPRRR Cooperation Arrangements
  • Consultation on Guidelines Resolvability -Annex Section C Article 15(5) CCPRRR

The Associations generally agree with the proposals in the consultations and make mostly technical proposals.

Response to FCA on Post-trade Transparency

On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30.  While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...