On May 17, ISDA published its views on the European Commission’s proposal to mandate EU clearing participants to clear in Europe. ISDA believes if this requirement is not adequately calibrated, it will create costs and other competitive disadvantages that non-EU competitors will not have to bear, highlighting the trade-off between mandating clearing in Europe and preserving the competitiveness of EU clearing participants. ISDA’s briefing sets out the risks and costs of requiring EU firms to hold an account at EU central counterparties (CCPs) and mandating them to clear a proportion of their business at EU CCPs.
Documents (1) for ISDA Briefing on Risks and Costs of Active Accounts
Latest
Bulk Adherence Upload Page
Please download the attached Excel worksheet and fill out a separate row for each adherence. Then select and upload your completed file using the buttons below. If any errors are found, please correct and re-upload. Note that, if the only...
ISDA In Review – May 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in May 2025.
ISDA Response to HMT SI on Digital Assets
On May 23, ISDA sent a comment letter in response to a draft statutory instrument (SI) from His Majesty’s Treasury (HMT) that establishes a new regulatory framework for digital assets. In the letter, ISDA recommends a review of the proposed...
FX Emerging Markets Documentation
ISDA now hosts the Template Terms published by EMTA, Inc. (the Emerging Markets Traders Association). More information about ISDA’s and EMTA’s respective roles in documentation for emerging markets is available at the following link. The documents can be found in...