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

ISDA Trading Forum Tokyo: CEO Remarks

ISDA Derivatives Trading Forum Tokyo October 17, 2025 Opening Remarks Scott O’Malia ISDA Chief Executive Officer   Good afternoon, and welcome to the ISDA Derivatives Trading Forum. It’s great to be back in Tokyo, and I’d like to begin by...

The Derivatives Market in Japan

A healthy derivatives market is an important element to Japan’s plan to become a global leader in asset management. Asset managers are eager to increase their use of derivatives to better take and manage risk, but note that there is...