ISDA published a whitepaper in May 2022 outlining key legal, regulatory and risk management issues for emerging market and developing economies (EMDEs). To complement that initiative, ISDA has conducted a survey of EMDE jurisdictions that looks at the steps that have been taken with regards to these issues. The survey involved legal counsel from 44 EMDE countries.
ISDA recognizes the EMDE classification includes a broad range and number of countries with economies, financial markets and regulatory and policy frameworks that are at different stages of development. For these reasons, it is important that a jurisdiction’s policy and regulatory framework is aligned and evolves with the development of its capital and derivatives markets in order to foster growth and facilitate prudent risk management practices.
Click on the PDF below to read the full survey results and recommendations