On June 21, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response to the European Banking Authority (EBA) consultation on draft amendments to the implementing technical standards (ITS) on the Fundamental Review of the Trading Book (FRTB) reporting requirements under the Capital Requirements Regulation (CRR).
Reporting standards provide supervisors with insight into banks’ trading books, while also keeping in mind the proportionality of the requirements and the costs and benefits of additional requirements above those mandated by the Basel Committee’s standards and what is required under the CRR.
In the response, ISDA and AFME include recommendations to align the final ITS on FRTB reporting with the implementation of the CRR 3 FRTB requirements, including targeted revisions to reduce unnecessary burdens on banks.
Documents (1) for ISDA, AFME Respond to EBA on FRTB Reporting Requirements
Latest
Episode 59: Reducing Burdens
As she nears the end of her term as chair of the European Securities and Markets Authority, Verena Ross joins The Swap to discuss progress in simplifying and reducing the burden of EU financial regulation, including transaction reporting. Please view...
CDS Market Dynamics: Record 2025
Global credit default swap (CDS) market activity reached a record $41.8 trillion in 2025, surpassing the previous peak of $38.7 trillion in 2022. Index CDS drove the increase, accounting for 93.3% of total activity and reaching a record $39.0 trillion....
ISDA Letter to CFTC on Public Interest Determinations for Event Contracts
On July 27, ISDA submitted a letter to the U.S. Commodity Futures Trading Commission (CFTC) on the CFTC’s proposed rulemaking on public interest determinations for event contracts published in the Federal Register on June 12, 2026. ISDA emphasized the importance...
ISDA Letter to BCBS on RMA Models
On July 24, ISDA wrote to the Basel Committee on Banking Supervision (BCBS) to request guidance on how the proposed Risk Mitigation Accounting (RMA) model under International Financial Reporting Standard (IFRS) 9/IFRS 7 should be treated for prudential regulatory capital...