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 response to ESMA MiFIR Review Consultation

On July 11, ISDA submitted a response to the European Securities and Markets Authority's (ESMA) fourth package of Level 2 consultation under the Markets in Financial Instruments Regulation Review (MiFIR), on transparency for derivatives, package orders and input/output data for...