On March 29, 2023, ISDA, the European Association of Corporate Treasurers, the Trade Association for the Emerging Markets, the Futures Industry Association and the Global Financial Markets Association submitted a joint response to the European Commission’s (EC) call for evidence on the review of the scope and third-country regime of the European Union (EU) Benchmarks Regulation (BMR).
The associations note that the reforms outlined in the call for evidence represent an opportunity to rebalance the BMR so it provides protection to investors on a proportionate basis in alignment with global standards, imposing the highest compliance burdens on the most systemically important benchmarks and ensuring EU investors have better visibility of the benchmarks they are permitted to use and those they are not. However, other reforms are needed to ensure end users do not face cliff-edge risks in respect of benchmarks they use that are prohibited for any reason.
Documents (1) for Joint Trade Associations Response to EC on EU Benchmarks Regulation
Latest
Accounting for Tokenized Assets as Collateral
The use of tokenized assets as collateral for derivatives and securities financing transactions (SFTs) is emerging as a significant development in global capital markets. Financial institutions are increasingly evaluating tokenized representations of money market funds, government securities and other high-quality...
US Treasury Repo Clearing Indicator September 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, a key objective of the Securities...
CDM: User Journey from Concept to Production
The Common Domain Model (CDM) is a standardized, machine-readable and executable model for representing financial products, lifecycle events and contractual information. By providing an open source shared language across firms and platforms, it supports interoperability, automation, resource optimization and reduced...
ISDA DTF Tokyo Scott O'Malia Remarks
ISDA Derivatives Trading Forum Tokyo, October 23, 2026 Opening Remarks Scott O’Malia ISDA Chief Executive Good afternoon, and welcome to the ISDA Tokyo Derivatives Trading Forum. Thanks for joining us today, and a big thank you to our sponsors,...