Interest Rate Derivatives, Benchmark Rates and Development of Financial Markets in EMDEs

This paper outlines the critical role of interest rate derivatives (IRDs) in supporting the development of financial markets in emerging market and developing economies (EMDEs). It also examines the significance of reliable, robust interest rate (IR) benchmarks, a cornerstone for developing efficient IRD markets. The paper draws valuable lessons from the transition from LIBOR to overnight risk-free rates in advanced economies, applying these insights to the context of EMDEs. Through case studies, it shows how various EMDE jurisdictions have successfully adopted and implemented more robust and transparent IR benchmarks.

Documents (1) for Interest Rate Derivatives, Benchmark Rates and Development of Financial Markets in EMDEs

ISDA/IIF Responds to the PRA Consultation

On July 30th, ISDA and IIF responded to the PRA consultation (CP10/25) on enhancing banks’ and insurers’ approaches to managing climate-related risks, which proposes updates to the Supervisory Statement 3/19 on climate-related risk management for banks and insurers. ISDA and...

ISDA Board Appoints New Chair

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Response on Scope of BMR

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