ISDA and SIFMA Webinar on T+1 Settlement Cycle

On August 8, 2023, ISDA and the Securities Industry and Financial Markets Association (SIFMA) held a webinar that discussed an initiative to reduce the settlement cycle of relevant US and Canadian securities from T+2 to T+1. The change is scheduled to take place on May 27 and May 28, 2024, respectively.

A recording of the webinar is available here.

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...