Better Together – IQ May 2023

There were a couple of big themes running through ISDA’s Annual General Meeting (AGM) in Chicago earlier this month. One was the regulatory and market responses to the series of stress events that have rocked markets since the dash for cash in March 2020. Others included the impact of the recent banking turmoil, the (mis)management of interest rate and liquidity risk and the role of social media in the collapse of Silicon Valley Bank, as well as the ongoing US debt ceiling discussions.

Over the two days of the AGM, delegates heard from leading regulators and industry leaders, including Commodity Futures Trading Commission chairman Rostin Behnam (who was interviewed on-stage by Bloomberg’s Tracy Alloway and Joe Weisenthal in a live recording of the Odd Lots podcast), Securities and Exchange Commission chair Gary Gensler and US Treasury under secretary for domestic finance Nellie Liang.

This issue of IQ takes a lightening tour of some of the issues covered by this year’s keynote speakers and panels, as well as providing information on some of the materials distributed at the AGM, from the 2022 Margin Survey to ISDA’s latest animations on collateral management process efficiency and voluntary carbon markets. For more AGM content, watch ISDA’s interviews with a number of policymakers and market participants who spoke on the panels here.

We’d like to take this opportunity to sincerely thank all our delegates, speakers and sponsors for supporting the event – we simply couldn’t run it without you. We very much hope to see all of you for the 38th AGM in Tokyo in April 2024.

Click on the PDF below to read IQ in full.

Documents (1) for Better Together – IQ May 2023

ISDA Response to HMT, BoE on UK CCPs

On November 18, ISDA submitted its responses to the Bank of England (BoE) consultation on ensuring the resilience of central counterparties (CCPs) and the UK Treasury’s (HMT) two draft CCP statutory instruments (SIs). These consultations form part of the update...

Doubling Down on Appropriate Trading Book Capital

Throughout ISDA’s 40th anniversary year, we’ve been reflecting on the quest for greater consistency and efficiency that underpins everything we’ve achieved since 1985. It was at the heart of the original efforts to bring greater standardization to the nascent derivatives...

ISDA Response to FCA on Fund Tokenization

On November 21, ISDA responded to the Financial Conduct Authority’s (FCA) consultation paper CP25/28 on progressing fund tokenization. In the response, ISDA focuses on the use of tokenized assets as both cleared and non-cleared derivatives collateral. Tokenization presents a significant...