ISDA Responds to HMT on Removing Restrictions on Uncovered Sovereign CDS

On August 7, ISDA submitted a response to HM Treasury’s (HMT) consultation on removing the restrictions on uncovered sovereign credit default swaps (CDS).

This work is part of HMT’s program to deliver a smarter regulatory framework, tailored to the UK and designed to remove the requirements currently placed on investors when taking out short positions in sovereign debt or sovereign CDS, and the related reporting requirements.

The response focuses on the CDS market and supports the proposal to remove the restrictions, highlighting some of the benefits that may result.

Documents (1) for ISDA Responds to HMT on Removing Restrictions on Uncovered Sovereign CDS

Paper on Enhancing Liquidity and Risk Management

As ISDA marks its 40th anniversary this year, it is an opportune time to reflect on the challenges and opportunities faced by the global derivatives markets over the past four decades. Rapid growth, continued innovation, regulatory reform, central clearing, margining,...

Trade Bodies Seek Delay on Third-Country CCP Rules

On October 21, ISDA and nine other trade associations – the Alternative Investment Management Association, the European Association of Co-operative Banks, the European Association of Corporate Treasurers, the European Banking Federation, the European Fund and Asset Management Association, the European...