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
Latest
ISDA Publishes ISDA SIMM® Methodology, Version 2.9+2606
Following the 2026 primary calibration exercise, ISDA is pleased to publish ISDA SIMM® version 2.9+2606. This version incorporates updates arising from the recalibration of the model using historical data up to and including 30 June 2026. The ISDA SIMM methodology...
Moving Regulatory Reporting up a Gear with AI
The aim of derivatives regulatory reporting is to improve transparency so regulators can monitor market activity and identify emerging risks. Although reporting rules and subsequent updates have resulted in improvements, they haven’t achieved fully consistent outcomes, leading to implementation and...
Sydney DTF: Scott O'Malia Opening Remarks
ISDA/AFMA Sydney Derivatives Trading Forum October 26, 2026 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, and welcome to the ISDA and AFMA Derivatives Trading Forum. Thanks for joining us today, and a big thank you to our...
ISDA Publishes FpML Version 5.14
ISDA has published a new version of its Financial products Markup Language (FpML), a widely used open-source standard for the electronic dealing and processing of derivatives transactions. The latest iteration – version 5.14 – incorporates several key modifications and updates...