On September 1, ISDA submitted a response to the European Commission’s consultation on its proposal for the regulation of environmental, social and governance (ESG) ratings. ISDA supports a regulatory framework for ESG ratings based on recommendations set out in a report on ESG ratings and data product providers by the International Organization of Securities Commissions, with a view to enhance transparency and integrity of the market. In the response, ISDA suggests that further clarification is needed on scope and definitions – in particular, the definition of an ESG rating, as well as authorization procedures and the regulation of third-country ESG ratings.
Documents (1) for ISDA Response to EC Proposal on ESG Ratings
Latest
ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
Remove Bureaucracy from Cross-margin Approvals
Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...
Joint Response on CCP Resolution
On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...