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.
Documents (3) for ISDA and FIA Respond to ESMA’s Consultations on Guidelines in Relation to CCP R&R Regulation
Latest
ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
Remove Bureaucracy from Cross-margin Approvals
Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...
Joint Response on CCP Resolution
On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...
