ISDA Comments on European Commission Active Account Proposal

On May 17, ISDA published its comments on the European Commission’s active account proposal under the European Market Infrastructure Regulation (EMIR) requiring EU clearing participants to use EU central counterparties (CCPs) for a proportion of their business. ISDA explains that such a proposal would not make the EU derivatives market safer or more attractive, and could lead to market fragmentation, potentially creating systemic and operational risks. The comments also set out why mandating clearing on EU CCPs is unlikely to generate a viable and attractive euro clearing market.

Documents (1) for ISDA Comments on European Commission Active Account Proposal

FRTB Impact on Correlation Trading

The capitalization of the correlation trading portfolio (CTP) under the Fundamental Review of the Trading Book will have an adverse economic impact for users of these instruments. In particular, there is a lack of clarity and consistency in the application...

A Path to Greater CFTC-SEC Alignment

Earlier this week, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) held a roundtable on regulatory harmonization – an initiative we wholeheartedly support. The US regulatory framework has evolved over time to facilitate financial markets...