On April 11, 2024, International Swaps and Derivatives Association, Inc. (ISDA), the Institute of International Finance (IIF), and their respective members submitted a response to the BCBS-IOSCO-CPMI Review of Margining Practices (September 2022) which are reflected in the BCBS-IOSCO WGMR consultative report on Streamlining VM Processes and IM Responsiveness of Margin Models in Non-Centrally Cleared Markets (the “Report”).
ISDA’s Collateral Initiatives work responds to our members’ goals to reduce collateral management costs and risks by automating and streamlining collateral management, including documentation and onboarding, margin call and settlement, and collateral optimization.
ISDA is committed to ensuring the longevity of the ISDA SIMM®, a robust, regulatory compliant and effective global initial margin model. Dialogue with global regulators has resulted in the adoption of a number of enhancements to the SIMM Governance Framework.
Documents (1) for BCBS-IOSCO WGMR Consultation Response – Streamlining VM Processes and IM Responsiveness of Margin Models in Non-Centrally Cleared Markets
Latest
ISDA Response on Clearing Costs
On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...
ISDA Response on Margin Transparency
On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...
Paper on Liquidity Assessment for Single-name CDS
On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...
Response to EC on Delegated Regulation
On September 4, ISDA responded to the European Commission’s (EC) consultation on amendments to delegated regulation (EU) 2017.567. The key area of interest for ISDA was the proposed insertion of a new article 16a that establishes what constitutes a post-trade...